Elon Musk offers to buy Twitter for $43 billion

[{"selector":"#anim-4ec11fa8-45a2-49e8-a752-ac8690fc2b00","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed5bf738-354b-4d71-b48a-65e39519af1a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.27089783377918764%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

A week ago Elon Musk had purchased 9.2 percent stake in Twitter.

[{"selector":"#anim-d240ab63-0db6-4bf1-85d2-93d9c46548d5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fab16ab0-0e6f-48ae-9e7e-ca0dcf5404dd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.27089783377918764%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Elon Musk was previously appointed as a board member in Twitter.

[{"selector":"#anim-6ca0f2a4-f8bf-460e-9a15-d2c27267c1ed","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2be6dd9-6d5c-4117-9259-ed976ff5a112 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.27089783377918764%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Now Elon Musk stated in a filing with the U.S. Securities and Exchange Commission on Thursday.

[{"selector":"#anim-dcc23e99-8132-4e41-a9b8-0793ace9dd6d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-876bc767-4283-4329-9589-26d7cfc28242 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.27089783377918764%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

He says that Twitter has "extraordinary potential" and he wants to unlock it.

[{"selector":"#anim-1f4f9244-6d88-4d73-8097-3810549d9f46","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15f7d70b-ce74-4694-8ebc-14eb1286f9eb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.27089783377918764%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Tesla CEO Elon Musk has offered to buy 100 percent of Twitter for $54.20 per share in cash.

[{"selector":"#anim-5682eea1-867b-43a6-9f3e-94e3428398e2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a858beff-8863-4471-8474-ea21b0d3d10e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.27089783377918764%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

According to Musk, the social media company needs to go private because it can "neither thrive nor serve" free speech in its current state.

[{"selector":"#anim-32143045-c6e1-484a-b4d8-20881bb5b24a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-af5d1889-abdc-4e87-b935-d19d98bee7dd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.27089783377918764%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Twitter shares jumped 12% in premarket trading after closing at $45.85 a share on Wednesday.

[{"selector":"#anim-5b1b62a8-0d35-4792-a56c-78e998e2aa76","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47cb849b-0e5a-4a2c-869f-9a899521f8ca [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.27089783377918764%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Now the company said in a statement that "The Twitter Board of Directors will carefully review the proposal."

[{"selector":"#anim-119fe5bc-4f1b-4408-b909-0b21e4997c16","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-70fecfd4-d6c7-4d45-b420-85cdaeb22d61 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.27089783377918764%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

To determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders.

[{"selector":"#anim-0f6f27fb-3482-4470-b2dc-2ba51833b2e7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9dbc44d8-bb68-468d-abea-ac2d7e1f42f1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.27089783377918764%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]