Tesla CEO Elon Musk offers to buy Twitter in cash deal

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elon musk offers to buy excitementonly days later tesla CEO said he is He would no longer join the board of the social media company.

Twitter Inc. said in a regulatory filing on Thursday MuskThe company’s largest shareholder, who currently owns just over 9% of its shares, gave the company a letter Wednesday with an offer to buy the remaining shares of the company. excitement he is he is doesn’t already have. Musk offered $54.20 per share. excitementstock.

“I invested excitement Because I believe in its potential to be a worldwide platform for freedom of expression, and I believe that freedom of speech is a societal imperative for a functioning democracy.” Musk It says in the file. “However, since I made my investment, I now realize that the company in its current form will neither evolve nor serve this societal imperative. excitement It needs to be transformed as a private company.”

shares excitement rose by about 12% before the market opened.

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