Full story: Elon Musk’s audacious bid to buy Twitter for over $40bn
Elon Musk has launched an audacious bid to buy Twitter for more than $40bn and release its “extraordinary potential” to boost free speech and democracy across the world.
The Tesla chief executive and world’s richest person revealed in a regulatory filing that he had launched a hostile takeover of Twitter just days after he bought a 9.2% stake. He was subsequently offered a seat on the social media company’s board but in a last-minute twist refused to take up the position.
In a letter to Bret Taylor, Twitter’s chair, Musk said the site was not thriving as a company or a tool for improving freedom of speech, and “needs to be transformed as a private company”.
Musk says an edit button is coming at Twitter, if he has his way.
[Twitter confirmed last week it was working on an edit button, so it may be coming either way.]
And he gets…