{"id":1436865,"date":"2022-04-14T08:00:41","date_gmt":"2022-04-14T12:00:41","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1436865"},"modified":"2022-04-14T08:00:47","modified_gmt":"2022-04-14T12:00:47","slug":"elon-musk-offers-to-buy-100-percent-of-twitter-restore-free-speech","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-offers-to-buy-100-percent-of-twitter-restore-free-speech\/","title":{"rendered":"Elon Musk Offers to Buy 100 Percent of Twitter, Restore Free Speech"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felon-musk-offers-to-buy-100-percent-of-twitter-restore-free-speech%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1436865&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">Elon Musk has made a public offer to buy 100 percent of Twitter stock and transform it into a public company, in what the billionaire SpaceX and Tesla CEO says will unlock the company\u2019s potential to be \u201cthe platform for free speech around the globe.\u201d<\/p>\n<p>Musk, who became Twitter\u2019s <a href=\"https:\/\/www.breitbart.com\/tech\/2022\/04\/04\/bokhari-urged-on-by-conservatives-elon-musk-becomes-twitters-largest-shareholder\/\">largest shareholder<\/a> with a 9.2 percent purchase of shares over the last few months, made a public offer to buy 100 percent of the company at $54.20 a share, an 18 percent premium over Twitter\u2019s closing price yesterday.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<div id=\"attachment_18747978\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/elon-musk-laugh-dec-1-2020-gettyimages.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-18747978\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/elon-musk-laugh-dec-1-2020-gettyimages.jpg\" alt=\"BERLIN, GERMANY DECEMBER 01: SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. (Photo by Britta Pedersen-Pool\/Getty Images)\" width=\"640\" height=\"480\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">BERLIN, GERMANY DECEMBER 01: SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. (Photo by Britta Pedersen-Pool\/Getty Images)<\/p>\n<\/div>\n<div id=\"attachment_18935042\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/Parag-Agrawal.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-18935042\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/Parag-Agrawal.jpg\" alt=\"Twitter CEO Parag Agrawal\" width=\"640\" height=\"480\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Twitter CEO Parag Agrawal (Google Cloud\/YouTube)<\/p>\n<\/div>\n<p>At Musk\u2019s quoted price, the proposed purchase of Twitter would come to $43 billion in total.<\/p>\n<p>In his publicly disclosed communication to the chairman of Twitter\u2019s board, <a href=\"https:\/\/seekingalpha.com\/filing\/6367413\">which can be read in full here<\/a>, Musk said promoting free speech around the world was the motivation behind his offer.<\/p>\n<p>Musk said he did not believe Twitter could reach its potential for free speech as a publicly owned company, saying \u201cTwitter needs to be transformed as a private company.\u201d<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Via <a href=\"https:\/\/seekingalpha.com\/filing\/6367413\">Seeking Alpha<\/a>:<\/p>\n<blockquote>\n<p>Bret Taylor<\/p>\n<p>Chairman of the Board,<\/p>\n<p>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.<\/p>\n<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>\n<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>\n<p>Twitter has extraordinary potential. I will unlock it.<\/p>\n<p>\/s\/ Elon Musk<br \/>Elon Musk<\/p>\n<\/blockquote>\n<p>Twitter previously offered Musk a seat on Twitter\u2019s board in return for a guarantee that the billionaire would not buy more than 14.9 percent of shares in the company. 15 percent is a crucial threshold that gives shareholders more legal rights in some jurisdictions.<\/p>\n<p>On March 25, Elon Musk conducted a poll on Twitter asking followers if they believed the platform \u201crigorously adhered\u201d to the principle of free speech, which he said was \u201cessential to a functioning democracy.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Free speech is essential to a functioning democracy.<\/p>\n<p>Do you believe Twitter rigorously adheres to this principle?<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1507259709224632344?ref_src=twsrc%5Etfw\">March 25, 2022<\/a><\/p>\n<\/blockquote>\n<p>Over 2 million Twitter users voted in the poll, with 70 percent saying they did not believe the platform adhered to free speech. Prominent conservatives also responded to the poll by <a href=\"https:\/\/www.breitbart.com\/tech\/2022\/04\/04\/bokhari-urged-on-by-conservatives-elon-musk-becomes-twitters-largest-shareholder\/\">urging Musk to buy the platform<\/a>.<\/p>\n<p>SEC filings show that at the time of the poll, Musk had already purchased his 9.2 percent share in Twitter. The billionaire acquired his shares beginning in January and reaching more than nine percent on 14 March, 11 days before his Twitter poll.<\/p>\n<p><strong><em>Allum Bokhari is the senior technology correspondent at Breitbart News.\u00a0He is the author of\u00a0<a class=\"x5l\" href=\"https:\/\/www.amazon.com\/DELETED-Techs-Battle-Movement-Election\/dp\/154605930X\" target=\"_blank\" rel=\"noopener external\">#DELETED: Big Tech\u2019s Battle to Erase the Trump Movement and Steal The Election.<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk has made a public offer to buy 100 percent of Twitter stock and transform it into a public company, in what the billionaire SpaceX and Tesla CEO says<\/p>\n","protected":false},"author":172,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1436865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1436865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/172"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1436865"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1436865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1436865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1436865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1436865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}