Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately, a little over a week after first revealing a 9.2% stake in the company. Musk’s offer values Twitter at about $43 billion, CNBC has reported. According to Musk, the social media company needs to go private because it can “neither thrive nor serve” free speech in its current state. Musk first disclosed his stake in the social media giant on April 4. He also said he was considering building a new social media platform.

Source: Nigerian Tribune April 14, 2022 18:32 UTC