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READ IT: Elon Musk’s Formal Letter To Twitter Chairman In Bid To Buy Company

   DailyWire.com
CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing "Cyber Rodeo" grand opening party on April 7, 2022 in Austin, Texas.
SUZANNE CORDEIRO/AFP via Getty Images

Tesla founder Elon Musk stressed his belief that Twitter should be a platform used to proliferate the principle of free speech in a formal letter to Twitter’s Chairman of the Board Bret Taylor, an SEC filing reveals.

Musk, 50, made the remarks in his proposed bid to outright buy Twitter in a multi-billion-dollar cash offer.

“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,” Musk said in the letter, referring to his recent move to become the platform’s largest individual shareholder.

“However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form,” he asserted. “Twitter needs to be transformed as a private company.”

Musk then made his “best and final offer,” suggesting that he’d likely sell his shares if his offer is not accepted.

“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,” he wrote. “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,” Musk closed the letter. “I will unlock it.”

Read the letter in full, 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.

/S/ Elon Musk

Related: Elon Musk Offers To Buy Twitter In Deal Worth More Than $40B

Related: Twitter Issues Press Release Addressing Elon Musk’s ‘Unsolicited’ Bid To Outright Buy Platform

Related: ‘Elon Musk Can F*** Off’: Reaction Explodes Online Over Musk Bid To Outright Buy Twitter, Take It Private

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