Tech entrepreneur makes offer of $54.20 a share in cash to ‘unlock potential’ of social media site
• How ‘free speech absolutist’ Elon Musk would transform Twitter
Elon Musk has launched an audacious bid to buy Twitter for $43.4bn (£33bn), saying he wants to release its “extraordinary potential” to boost free speech and democracy across the world.
The Tesla chief executive and world’s richest person revealed in a regulatory filing on Thursday that he had launched a hostile takeover of Twitter. He further confirmed the move in a public appearance at the TED conference in Vancouver later that day.