Tesla CEO Elon Musk is offering to buy Twitter, saying the social media platform he has criticized for not living up to free speech principles needs to be transformed as a private company.
Twitter Inc. said in a regulatory filing on Thursday that Musk, currently the company’s biggest shareholder, has proposed buying the remaining shares of Twitter that he doesn’t already own at $54.20 per share, an offer worth more than $43 billion.
Twitter said it has received Musk’s offer and will decide whether it is in the best interests of shareholders to accept or continue to operate as a publicly traded company. The billionaire has been a vocal critic of Twitter in recent weeks, mostly over his belief that it falls short on free speech principles. The social media platform has angered followers of Donald Trump and other far-right political figures who’ve had their accounts suspended for violating its content standards on violence, hate or harmful misinformation. Musk, who has described himself as a “free speech absolutist,” also has a history of his own tweets causing legal problems.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla CEO Elon Musk offers to buy Twitter in cash dealElon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company’s board of directors.
Read more »
Tesla CEO Elon Musk offers to buy Twitter for $43 billionElon Musk is offering to buy Twitter for $43 billion, saying the social media platform he has criticized for not living up to free speech principles needs to be transformed as a private company.
Read more »
Tesla CEO Elon Musk offers to buy Twitter in cash dealElon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company's board of directors.
Read more »
Tesla CEO Elon Musk makes offer to buy Twitter in cash dealElon Musk is offering to buy Twitter just days after it was reported he would no longer be joining the social media company's board of directors.
Read more »
Tesla CEO Elon Musk offers to buy TwitterJUST IN: Elon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company’s board of directors.
Read more »
Simple But Important Maintenance Many Tesla Owners ForgetChecking the brake fluid for corrosion or water is important and easy. I'll show you how to do it in 10 minutes after you order the parts. I also show the complete Tesla Maintenance schedule.
Read more »