World richest man, Elon Musk, the founder of Tesla, has made a bid of $43 billion to buy micro-blogging and social media platform, Twitter.
The billionaire disclosed this on Thursday in a filing with the U.S. Securities and Exchange Commission.
Elon’s deal includes an offer of 54.20 per share in cash, representing a 54% premium over the January 28 closing price and a value of about $43 billion.
According to Elon, he believes Twitter “will neither thrive nor serve [its free speech] societal imperative in its current form. Twitter needs to be transformed as a private company.”
Musk had earlier on April 4, disclosed ownership of a stake of about 9% in Twitter.