POLL: Should Twitter accept Elon Musk’s offer to buy the company and take it private?

APRIL 14, 2022

After announcing around the first of April that he had purchased a 9.2% stake in Twitter, Tesla CEO Elon Musk announced on Thursday that he wants to buy the entire company and take it private.

“I made an offer,” Musk announced in a Twitter post Thursday morning.

His offer is $54.20 per share for a 100% stake in the company, which amounts to over $43 billion.

The offer to buy Twitter includes the following letter from Musk, addressed to Bret Taylor, Chairman of the Board:

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.

Twitter has extraordinary potential. I will unlock it.

/s/ Elon Musk

Twitter is reportedly now considering Musk’s offer to buy the company. The company confirmed that its board of directors will review the offer and make their decision based on what is in the best interest of the company and all its shareholders.

PLEASE TAKE OUR POLL BELOW – WE WANT YOUR OPINION.  Should Twitter accept Musk’s offer to buy out the company and take it private?

Musk, 50, was born in Pretoria, South Africa. He moved to Canada at the age of 17, then moved to California in 1995. He reportedly has citizenship in South Africa, Canada and the United States.

Conservative podcaster Matt Walsh tweeted Thursday morning, “If Elon Musk buys Twitter, he will be the first African American to own a major social media platform. This is a great day for diversity. Another glass ceiling shattered!”

Vernon Jones of Georgia, who is running for U.S. Congress, tweeted, “BREAKING: Elon Musk just made a $43 billion offer to buy 100% of Twitter. THIS is how we take down Big Tech. Elon is quickly becoming my favorite African-American.”

SCROLL BACK UP TO TAKE OUR POLL! WE WANT YOUR OPINION!

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