Elon Musk is Trying to Buy Twitter

gamerant.com:

This past week billionaire Tesla owner Elon Musk purchased a 9% stake in Twitter, triggering worries that the self-described «free speech absolutist» would push for significant reform of the social media platform. However, plans for Musk to join Twitter's board of directors abruptly went awry and were canceled, leading to questions of what Musk would do next. That question has now been answered, as Thursday morning Musk offered to purchase Twitter in its entirety for a staggering $41 billion price tag.

Musk made a post on Twitter, fittingly, with a short message reading, «I made an offer.» The post contained a link to a filing with the United States Securities and Exchange Commission that contained his offer to purchase 100% of Twitter. His offer was for a price of $54.20 per share, which would come to a total price of around $41 billion. Musk explains that this is his «best and final offer,» and explains that if it isn't accepted he'll reconsider his previous investments in Twitter.

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Twitter has already held a board meeting to discuss the possibility of Musk purchasing the company, which is said to have occurred at 10:00 AM ET. The conclusions drawn from that meeting have not been shared publicly. However, Twitter plans to hold an all-hands meeting at 5:00 PM ET to discuss the potential buyout. A timeline for a response to Musk's bid isn't clear, but few are expecting the current process to move slowly.

As for why Musk wants Twitter and what he'd do with it if the acquisition is confirmed, there's no clear answer. There are absolutely threads that may lead to reliable assumptions, though. After his initial Twitter stock purchase this past week, Musk wrote a letter to