{"id":1437447,"date":"2022-04-14T11:00:40","date_gmt":"2022-04-14T15:00:40","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1437447"},"modified":"2022-04-14T11:00:53","modified_gmt":"2022-04-14T15:00:53","slug":"read-it-elon-musks-formal-letter-to-twitter-chairman-in-bid-to-buy-company","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/read-it-elon-musks-formal-letter-to-twitter-chairman-in-bid-to-buy-company\/","title":{"rendered":"READ IT: Elon Musk\u2019s Formal Letter To Twitter Chairman In Bid To Buy Company"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/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%2Fread-it-elon-musks-formal-letter-to-twitter-chairman-in-bid-to-buy-company%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=1437447&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--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/04\/GettyImages-1239824980.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>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\u2019s\u00a0Chairman of the Board Bret Taylor, an\u00a0<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1418091\/000110465922045641\/tm2212748d1_sc13da.htm\">SEC filing<\/a>\u00a0reveals.<\/p>\n<p>Musk, 50, made the remarks in his proposed bid to outright buy Twitter in a multi-billion-dollar cash offer.<\/p>\n<p>\u201cI 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,\u201d Musk said in the letter, referring to his recent move to become the platform\u2019s largest individual shareholder.<\/p>\n<p>\u201cHowever, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form,\u201d he asserted. \u201cTwitter needs to be transformed as a private company.\u201d<\/p>\n<p>Musk then made his \u201cbest and final offer,\u201d suggesting that he\u2019d likely sell his shares if his offer is not accepted.<\/p>\n<p>\u201cAs 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,\u201d he wrote. \u201cMy offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.\u201d<\/p>\n<p>\u201cTwitter has extraordinary potential,\u201d Musk closed the letter. \u201cI will unlock it.\u201d<\/p>\n<p>Read the letter in full, below:<\/p>\n<blockquote>\n<p><em>Bret Taylor<\/em><\/p>\n<p><em>Chairman of the Board,<\/em><\/p>\n<p><em>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. \u00a0<\/em><\/p>\n<p><em>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.<\/em><\/p>\n<p><em>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.<\/em><\/p>\n<p><em>Twitter has extraordinary potential. \u00a0I will unlock it.<\/em><\/p>\n<p><em>\/S\/ Elon Musk<\/em><\/p>\n<\/blockquote>\n<p><strong>Related:\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/breaking-elon-musk-offers-to-buy-100-of-twitter-in-cash\">Elon Musk Offers To Buy Twitter In Deal Worth More Than\u00a0$40B<\/a><\/strong><\/p>\n<p><strong>Related:\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/twitter-issues-press-release-addressing-elon-musks-unsolicited-bid-to-outright-buy-platform\">Twitter Issues Press Release Addressing Elon Musk\u2019s \u2018Unsolicited\u2019 Bid To Outright Buy\u00a0Platform<\/a><\/strong><\/p>\n<p><strong>Related:\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/elon-musk-can-f-off-reaction-explodes-online-over-musk-bid-to-outright-buy-twitter-take-it-private\">\u2018Elon Musk Can F*** Off\u2019: Reaction Explodes Online Over Musk Bid To Outright Buy Twitter, Take It\u00a0Private<\/a><\/strong><\/p>\n<p><i>The Daily Wire is one of America\u2019s fastest growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i>Become a member now and join our mission.<\/i><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s\u00a0Chairman of the Board<\/p>\n","protected":false},"author":64,"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-1437447","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\/1437447","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\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1437447"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1437447\/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=1437447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1437447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1437447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}