“I offer to buy 100% Twitter for $ 54.20 per share in cash, a 54% bonus the day before investing in Twitter, and a 38% bonus the day before my investment is made public,” he said. Musk.
Musk, which currently owns 9.2% of Twitter, said the company needs a “transformation.”
“I invest in Twitter because I believe in its potential to be a platform for free speech around the world and I believe that free speech is a social imperative for a functioning democracy,” Musk said.
“My offer was my best and last offer and if it wasn’t accepted, I would have to reconsider my position as a shareholder,” Musk said. “Twitter has tremendous potential. I opened up.”
Musk also faces lawsuits for not first disclosing to the SEC his initial investment in the company.
This is an emerging story. Please check for updates.
Source: Huffpost
