Tesla CEO Elon Musk has offered to buy Twitter outright, saying the social media platform “needs to be transformed” from his perspective as a self-identified “free speech absolutist.”
Musk is currently Twitter’s biggest individual shareholder.
The company says in a regulatory filing that he has proposed buying the remaining shares of Twitter that he doesn’t already own at $54.20 per share.
It’s an offer worth more than $43 billion.
Twitter said it will decide whether accepting Musk’s offer is in the best interests of shareholders.