The Elon-Twitter saga continues with Musk's most recent move towards the company he's taken a massive interest in as of late. He went from a simple, though large, shareholder in the social media platform to wanting to buy it outright.
Though with the lawsuit on his tail and his sudden declination to join their board of directors, his current stance is looking rocky at best, and we're all waiting to see what the answer from Twitter's end might be.
Not long after he took to his Twitter account to criticize the platform, it was revealed that he'd recently purchased 9.2% of the company in shares, and was nearly appointed to Twitter's board of directors before he dipped out.
In a 13D regulatory filing with the SEC, he offered to buy the company for $54.20 per share, which he says is "a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced."
The total would come out to around $41 billion.
"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company."
"My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.
Twitter has extraordinary potential. I will unlock it."
The ball is in Twitter's court now.
h/t: Mashable
