That's right, it's happening.
Elon has offered to buy Twitter for $43 billion in cash. He wants to take it private and "transform" it into "the platform for free speech around the globe" (his words).
Here's the tweet:
Here's Bloomberg:
Elon Musk has made a "best and final" offer to buy Twitter Inc., saying the company has extraordinary potential and he is the person to unlock it.
The world's richest person will offer $54.20 per share in cash, representing a 54% premium over the Jan. 28 closing price and a valuation of about $43 billion. The social media company's shares soared 18% in pre-market trading.
Of course he worked a 420 into that share price lol.
Here is Musk's full letter to Twitter's board. Read it slowly because it is glorious:
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.
Those last two sentences though.
Get your popcorn ready, ladies and gents.
And Elon, PLEASE free our brother The Babylon Bee and our founder Adam Ford! They're still locked out of Twitter and did nothing wrong!
Rest assured we will stay on top of this story at Not the Bee.
P.S. Now check out our latest video 👇
