Tesla CEO Elon Musk offers to buy Twitter for $43 billion
(AP) - Tesla CEO Elon Musk is offering to buy Twitter. He says the social media platform he has criticized for not living up to free speech principles needs to be transformed into a private company.
Musk is currently Twitter's biggest shareholder.
The company says in a regulatory filing that he has proposed buying the remaining shares of Twitter that he doesn’t already own at $54.20 per share.
It's an offer worth more than $43 billion.
Twitter said it has received Musk’s offer and will evaluate it to decide whether it is in the best interests of shareholders to accept or continue to operate as a publicly-traded company.
