R&I – FS
(Reuters) -Billionaire entrepreneur Elon Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media giant needs to be taken private to grow and become a platform for free speech.
“Twitter has extraordinary potential. I will unlock it,” Musk, who is already the company’s second-largest shareholder, said in a letter to the San Francisco-based company’s board on Wednesday. The offer was made public in a regulatory filing on Thursday…
…After Twitter banned former President Donald Trump over concerns around incitement of violence following last year’s U.S. Capitol attack by his supporters, Musk tweeted “A lot of people are going to be super unhappy with West Coast high tech as the de facto arbiter of free speech.”
ConservativeChick
Article URL : https://finance.yahoo.com/news/elon-musk-offers-buy-twitter-101906337.html