The builder of SpaceX and Tesla, among other companies, after announcing a 14%+ ownership stake in the infamous social media company Twitter, has now offered to buy the rest of the firm at a 50% premium to the price before he announced his significant purchase.
Musk was offered a board seat, then declined, as it would prevent him from buying stock beyond a certain level and gaining control.
Twitter employees and the Marxist fascist ‘blue check crowd’ are getting very nervous.
Musk taking on Twitter is literally taking on the U.S. national security state ‘information operation’ being waged against the American people and the globalist agenda, along with the CCP.
This is going to get interesting.
Elon Musk has made a bold move by offering to purchase Twitter for $54.20 per share in cash, according to an updated 13D filing. He told Twitter management this is his “high price” and “if the deal doesn’t work,” he would “reconsider my position as a shareholder,” reported Zero Hedge.
The filing read that Musk offered “to acquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration valuing the Common Stock at $54.20 per share (which values the company around $43 billion).”
Below is the letter Musk sent to the company in its filing with the SEC.
Chairman of the Board,
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.
As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, 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. 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.