Connect with us

Hi, what are you looking for?


Elon Musk Offers To Buy Twitter, Saying Company ‘Needs To Be Transformed’

Twitter said in a press release that it will consider Musk’s offer.

(Fwrd Axis) — Elon Musk said Thursday he has made a massive offer to buy 100 percent of Twitter, offering to acquire all outstanding shares of Twitter for $54.20 each.

According to a filing with the Security and Exchanges Commission, Musk offered to take the company private, which would give him greater control of the company.

“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 wrote in a letter to the chairman of Twitter’s board of directors, that was included in the SEC filing.

Twitter said in a press release that it will consider Musk’s offer.

Advertisement. Scroll to continue reading.

“The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders,” the company said.

The news comes following Musk buying a major stake in the company back in March and later joining the Board of Directors only to reverse that decision just days later.

The billionaire businessman has been vocal about criticizing Twitter’s handling of its platform, most notably how it regulates what people are allowed to say, referring to the social media company cracking down on misinformation, calls for violence, harassment, and conspiracy theories.

Republican politicians and conservative commentators have been vocal about the company ever since the company banned former President Donald Trump after his tweets regarding the January 6 attack on the United States Capitol.

“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,” Musk added in the letter.

Musk is the co-founder and CEO of Tesla and the founder and CEO of SpaceX and is worth about $259 billion, according to Bloomberg’s Billionaires Index.

Advertisement. Scroll to continue reading.
Stephen Anderson
Written By

Stephen Michael is a Political Correspondent based in the United States. He has reached a global audience with his coverage of the 2020 Election and Trump White House. Michael joins Forward Axis News after spending time with the Project Spurs Network since 2014 and covering reality TV in the UK, Australia, and Canada.

You May Also Like


The bill now heads to the Senate, where it faces an uncertain fate as millions of TikTok users protest the move.


This Elephant Seal from Tasmania, has shimmied his way into the hearts of millions with his well documented antics for all to see.


Musk changed Twitter’s official name to 'X' in April./


Meta originally set the launch date for Thursday.