Recently, Elon Musk purchased the largest public stockholder stake in Twitter.
Now, he wants to take over the entire company.
Musk has put up an offer that is about 20 percent over the current market price to take Twitter private.
Twitter (and most other social media outlets) has been censoring conservatives for most of the last four years.
In fact, another conservative account that mocks liberal points of view was banned this week.
Musk says he wants to allow Twitter to be a free speech platform again.
He is putting his money where his mouth is, offering a staggering $54.20 per share to buy the company out.
Musk also let it be known that if Twitter refuses his offer, he will reconsider his 9.2 percent stake in the company.
This is akin to a hostile takeover because if Musk bails on Twitter, his selloff would bottom out prices that could take months, if not years, to recover.
Musk is doing his best not to portray it in this fashion, however, stating, “not a threat, it’s simply not a good investment without the changes that need to be made.”
Musk added, “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.”
Source: Fox Business