Tesla CEO Elon Musk Offers To Buy Twitter For $43 Billion

Tesla CEO Elon Musk has offered to buy Twitter outright, saying the social media platform “needs to be transformed” from his perspective as a self-identified “free speech absolutist.”

Musk is currently Twitter’s biggest individual shareholder.

The company says in a regulatory filing that he has proposed buying the remaining shares of Twitter that he doesn’t already own at $54.20 per share.

It’s an offer worth more than $43 billion.

Twitter said it has received Musk’s offer and will evaluate it to decide whether it is in the best interests of shareholders to accept or continue to operate as a publicly traded company.