Big Law
What You Need to Know About Elon Musk’s Twitter Bid
Elon Musk has thrown the tech world into a frenzy after sharing his offer to buy Twitter for $43 billion on Thursday, just days after news broke that the billionaire would not join the social media giant’s board of directors.
Musk, the world’s richest man, wrote in a letter disclosed to the Securities and Exchange Commission in a filing that, “Twitter has extraordinary potential. I will unlock it.”
“However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form,” he wrote. “Twitter needs to be transformed as a private company.”
