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 if its current form. brian: no kidding. pete: twitter needs to be transformed as a private company. as a result, i m offering to buy 100 percent 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. ainsley: final offer. pete: if it is not accepted, i would need to reconsider my position as a shareholder. twitter has extraordinary potential. i will unlock it. ainsley: this would give him total control because twitter would be a private company. we asked lump about it because you remember twitter band her father-in-law donald trump. listen. anybody that wants to
and he would probably make it a maximal free speech platform where mostly anything goes. it is all about sort of letting more voices proliferate across the service which some people are scared of what that might mean for safety or harassment. there are those questions. right? what it would look like. let s talk about what has to happen before he would get control. he is pricing the stock at $54.20 a share. one hand you say it s hard to imagine the deal not going through with a high valuation but there are arguments against it. right? totally. the board has been deliberating this morning. they have a fiduciary responsibility to consider the musk offer. there are folks outside the company, some largest
covid, questioning vaccine mandates. all of these things that twitter has gone after have been, you know, opinions that are favored on the right. as long as elon musk is leading this conversation, as long as the attention is on the fact that twitter does engage in this partisan idealogical censorship, that is ultimately probably good for republicans. i think voters are increasingly growing tired of this enforcement of a sort of code of speech. neil: you know, i still don t know. politically his extremely populist and libertarian. this seems to echo that point of view. elon musk asked on a twitter poll, taking twitter private, $54.20 share should be up to shareholders, he tweets, not the board. that is a view that a lot of average shareholders have that boards screw up a lot of the time. by pass them, don t take their interest to heart. he seems to be striking a nerve
enforcement at the heart of the national agenda again. tesla boss elon musk has offered to buy twitter. mr musk said he would pay $54.20 a share for twitter, valuing the firm at $41 billion. he s currently the biggest twitter shareholder after it was revealed last week that he had a 9.2% share. twitter quickly offered elon musk a seat on its board on the condition that he not own more than 14.9% of the outstanding stock. he declined, instead polling his 80 million followers about changes they might want in twitter. in messages published in the filing, mr musk said, it s a high price and your shareholders will love it , and that if his offer was rejected, he d reconsider my position as shareholder . here s michelle fleury. all eyes now turn to the board and how they respond. one of the challenges they face is that this offer values the company at above what they shares have been trading outcome are likely. the price offer is 38% higher than when mr musk s
together and set terms which is the whole reason why the commission existed. and it is i think a real question about to agree to a debate at all. that is something that you mentioned that s critical that former president trump considered the front-runner should he run never liked the commission. thank you. another big story to follow is twitter is having an all company meeting about two hours from now about the offer to buy the company. offering $54.20 a share which he says is a significant premium that would value the social media giant at more than $40 billion. twitter stock plunging today after the announcement to $45. musk saying in his s.e.c. statement he wants to own the company and take it prift.