In a letter to the board, Musk said he believes Twitter “will neither thrive nor serve (its free speech) societal imperative in its current form. Twitter needs to be transformed as a private company.”
“I am not playing the back-and-forth game,” Musk said. “I have moved straight to the end” “This is not a threat, it’s simply not a good investment without the changes that need to be made.”
Musk says “Twitter has extraordinary potential. I will unlock it.” His offer values Twitter at $43 billion. That’s a 54% premium to where the stock traded the day before he began investing in Twitter. Morgan Stanley is working with Musk as a financial advisor.