The offer: Elon Musk, the world’s richest person, is offering to buy Twitter at $43 billion at $54.20 a share and take the company private. He would be buying the social media platform at a 54% premium. Note that the share price includes a “420” pot reference—a meme Musk has referred to many times.
Why? Unlike most of Silicon Valley, Elon Musk is a free-speech absolutist. When asked to remove Russia’s state-run media from his Starlink network, he refused, citing the importance of access to information. He wants to return Twitter to a state of free speech and unlock its “extraordinary potential.”
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