--- title: "Musk wants Twitter as an 'arena for free speech' hence offered $43 billion for the Twitter Platform" description: "Twitter has offered a seat on the board of members for Twitter Company to Musk after becoming the largest shareholder in Twitter but Musk Denied" author: "Sanjay Goenka" published: 2022-04-15 canonical: https://www.mindstick.com/news/1567/musk-wants-twitter-as-an-arena-for-free-speech-hence-offered-43-billion-for-the-twitter-platform category: "twitter" tags: ["twitter", "technology", "technology news"] reading_time: 2 minutes --- # Musk wants Twitter as an 'arena for free speech' hence offered $43 billion for the Twitter Platform Twitter’s biggest shareholder **[Elon Musk](https://www.mindstick.com/news/1565/elon-musk-s-forced-settlement-with-us-securities-regulator-over-tesla-tweets)** has been offered a seat on Twitter’s Board of Members by the denied and offered the giant social [media platform](https://www.mindstick.com/forum/156104/what-are-the-social-media-platform-used-for-seo) ‘**[Twitter](https://www.mindstick.com/news/1551/up-government-official-twitter-account-hacked-having-2-7-million-followers)**’ $43 billion cash takeover on Thursday. ## Highlights ``` Musk told the audience about his bid on Twitter at a Ted Talk in Vancouver Twitter, the micro-blogging platform became a global means of communication He offered $54.20 per share which represents a 38% premium to twitter’s April 1 close ``` **Also Read: [Elon Musk's Shares are the Highest on Twitter among other shareholders](https://www.mindstick.com/news/1545/elon-musk-s-shares-are-the-highest-on-twitter-among-other-shareholders)** The top billionaire of the world, Elon Musk has offered a sum to the Twitter, a giant [social media](https://www.mindstick.com/articles/13056/how-to-leverage-social-media-to-attract-lots-of-blog-traffic) platform to make it an arena for [free speech](https://answers.mindstick.com/qa/35809/which-amendment-guarantees-the-right-to-free-speech) after a **lawsuit filed by Twitter** for not disclosing his share in the company that was unlawful as per the US rules that after reaching to the **5% share** in the company investor should inform in just 10 days. Musk said about the social media platform **Twitter** that it needs to be private to grow and become a platform for free speech after he aimed **Twitter Inc.** (TWTR.N) with a **$43 billion** cash takeover offer on Thursday. He also said “I think it’s is very important for there to be an inclusive arena for free speech,” Elon Musk said at a **Ted Talk in Vancouver** when asked about his bid. He write a letter to the **board of Twitter** in which he reveals a bid he made to the social media giant in which he said he is ready to offer **$54.20** per share represents a **38% premium** to Twitter’s April 1 close, the last trading day before his **9.1% stake** in Twitter that was made public. After Musk has announced his bid on Twitter, the shares of the Company rose after the big decision change of the biggest shareholder of the company. [Investors](https://www.mindstick.com/news/2413/with-collapse-of-ftx-genesis-alerts-investors-to-the-possibility-of-bankruptcy-without-new-funding) of the company were not convinced by such a move. **[Saudi Arabia](https://yourviews.mindstick.com/story/2977/saudi-arabia-crown-prince-net-worth)’s Prince Alwaleed bin Talal** tweeted from his [verified account](https://answers.mindstick.com/qa/106640/what-is-a-verified-account) about the deal. Describes Musk as the biggest shareholder of Twitter. He also said about Musk as the “largest & long-term shareholder of Twitter,” he said **Musk’s undervalued** the company and he rejected it. **Also Read: [Suit Filed Against Elon Musk by Twitter Shareholder Over Delay in Disclosing Stake](https://www.mindstick.com/news/1559/suit-filed-against-elon-musk-by-twitter-shareholder-over-delay-in-disclosing-stake)** --- Original Source: https://www.mindstick.com/news/1567/musk-wants-twitter-as-an-arena-for-free-speech-hence-offered-43-billion-for-the-twitter-platform Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.