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ch is a societal imperative for a functioning democracy.</p></blockquote><blockquote id="8c86"><p>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.</p></blockquote><blockquote id="5369"><p>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.</p></blockquote><blockquote id="75bd"><p>Twitter has extraordinary potential. I will unlock it.</p></blockquote><blockquote id="617f"><p>Elon Musk</p></blockquote><p id="1002">As noted in the letter, Musk is clear to point out that this is his best and final offer and that if the Twitter board does not accept it he will have to “reconsider” his position as a shareholder.</p><p id="eebc">In a previous voice message transcript, Musk states “This is not a threat, it’s simply not a good investment without the changes that need to be made.”</p><p id="7cea">Elon Musk is well known and very active on Twitter, though sometimes for the wrong reasons. He’s gotten in his share of trouble with the SEC because of his tweets in the past. But that’s in the past.</p><p id="f179">Musk’s goal in all this is to take the company private. He had stated this before the takeover of

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fer and reiterated it in his letter to Bret Taylor. Elon believes that this is the only way Twitter can realize its true potential which he sees as being a bastion of free speech.</p><p id="470e" type="7">If you know anything about Musk, it’s that he believes strongly in his ideas and abilities. As a result, I would expect that he will do what he said, and walk away from Twitter if his offer is not accepted.</p><p id="5462">Twitter’s board of directors is scheduled to meet today to discuss Musk’s offer. Whether a decision will be made during this meeting is anyone’s guess.</p><p id="c0fa">Stay tuned for more.</p><p id="07b3">Until next time…</p><p id="641c"><i>If you enjoyed this article, or maybe hated it, and would still like to read everything that Medium has to offer, then I would appreciate it if you would subscribe using my referral link below.</i></p><div id="bbce" class="link-block"> <a href="https://ddifran.medium.com/membership"> <div> <div> <h2>Join Medium with my referral link - Dominic DiFrancesco</h2> <div><h3>As a Medium member, a portion of your membership fee goes to writers you read, and you get full access to every story…</h3></div> <div><p>ddifran.medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*596e2HI4HSK157DL)"></div> </div> </div> </a> </div></article></body>

Elon Musk Makes $43 BillionTakeover Bid for Twitter

And based on his letter to the Chairman of the Board, he’s not kidding

It appears that Elon Musk’s purchase of a 9.2% stake in Twitter (NYSE: TWTR) recently was the Tesla CEO simply dipping his toe into the Twitter waters.

Today It’s been reported that Musk has made an offer to purchase 100% Twitter for $54.20 a share. Twitter has a current market valuation of $37 billion while Musk’s offer comes in at $43 billion. And he is offering this as an all-cash deal.

According to an SEC filing, Musk sent a letter to the Chairman of the Board of Twitter outlining his offer. The contents of the letter are shown below.

Bret Taylor

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.

Elon Musk

As noted in the letter, Musk is clear to point out that this is his best and final offer and that if the Twitter board does not accept it he will have to “reconsider” his position as a shareholder.

In a previous voice message transcript, Musk states “This is not a threat, it’s simply not a good investment without the changes that need to be made.”

Elon Musk is well known and very active on Twitter, though sometimes for the wrong reasons. He’s gotten in his share of trouble with the SEC because of his tweets in the past. But that’s in the past.

Musk’s goal in all this is to take the company private. He had stated this before the takeover offer and reiterated it in his letter to Bret Taylor. Elon believes that this is the only way Twitter can realize its true potential which he sees as being a bastion of free speech.

If you know anything about Musk, it’s that he believes strongly in his ideas and abilities. As a result, I would expect that he will do what he said, and walk away from Twitter if his offer is not accepted.

Twitter’s board of directors is scheduled to meet today to discuss Musk’s offer. Whether a decision will be made during this meeting is anyone’s guess.

Stay tuned for more.

Until next time…

If you enjoyed this article, or maybe hated it, and would still like to read everything that Medium has to offer, then I would appreciate it if you would subscribe using my referral link below.

Join Medium with my referral link - Dominic DiFrancesco

As a Medium member, a portion of your membership fee goes to writers you read, and you get full access to every story…

ddifran.medium.com