The exact words of Elon Musk below:
“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."
Tesla CEO offered $54.20 per share, this was made known in a regulatory filing on the 14th of April, and the stake represents a 38% premium to Twitter’s April 1 close. $14.39 billion was the total money Elon Musk offered to pay to acquire twitter.
Twitter's share price jumped conspicuously in pre-market trading, already approaching the value Musk had proposed earlier.
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