After filings werepublished online , Elon Musk has now confirm that he has offer to buy Twitter for about $ 41 billion in John Cash , with the intention of make the party secret . The billionaire is offer up $ 54.20 per portion – a significant cost growth over the value the shares had on April 1 , whenMusk ’s substantial stakein the company was revealed .
The Musk - Twitter saga also saw Musk being provide a seat on the gameboard of Twitter before the Chief Executive Parag Agrawal announcedhe would not be joiningafter all .
Some speculated that it had something to do with his pass being contingent on a " background check " mention in Agrawal ’s statement , some linked it to the previous troubles that Musk had with the Securities and Exchange Commission , which lead to afine of $ 20 millionin 2018 pursue a tweet about Tesla stocks that sparked a federal probe . It appears that a keister on the Twitter table make out with a maximal share valuation reserve of 15 per centum of the company , a time value that Musk believed to be too low .
It is unclear at this stage if Twitter will actually accept the offer , but Musk has threaten to betray off his share if it ’s not accepted .
" Since making my investment I now realize the company will neither thrive nor answer this societal imperative mood in its current form . Twitter needs to be transformed as a private company , " Muskstatedin his letter to Twitter Chairman Bret Taylor .
" My offer is my best and final offering and if it is not accept , I would want to reconsider my position as a shareholder . "
Musk has lay claim his interest in Twitter is because he ’s a " Free Speech Absolutist " – a tricky rubric that has little substance behind it – and people should be allow to say what they wish on weapons platform like Twitter without payback . Freedom of spoken communication , however , is not and has never been absolute . While exemption of speech is saint in the laws of many countries as the liberty to give tongue to their opinions and ideas without fear of retaliation , censorship , or legal endorsement from governments , there are still limitations on it .
Examples of these are bearing false witness , libel , slander , hatred speech , and let on state enigma , plus copyright violation , business deal secrets , and non - disclosure agreements . These last few representative should be appreciate by Musk as a businessman involved in futurist applied science .
The rightfulness to privacy , dignity , the right to be block , and public security measure , are also right that best exemption of speech . And while Twitter is considered a public forum , it is run by a secret company that can decide the term and conditions for drug user to take part in it . It currently include rules that do n’t allow for some forms of hate speech , point molestation , and misinformation .
