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'Legend for a reason!' Elon Musk HAILED for $41bn Twitter bid to 'unlock potential'

'If Twitter cares about longevity and actually remaining relevant they’ll take the offer,' said Republican party politician Lavern Spicer

Tesla CEO Elon Musk is now planning to enter the world of social media as he has made a proposal to buy Twitter outright after refusing to be on the company's board earlier this week. According to a regulatory filing, the 50-year-old has offered to give $41.39 billion for the microblogging and social networking service site whose founders are Jack Dorsey, Biz Stone, Evan Williams, and Noah Glass. He will reportedly buy Twitter by giving $54.20 per share in cash.

In a letter to Twitter’s board of members, Musk wrote: “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

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He added: “As a result, I am offering to buy 100 per cent of Twitter for $US54.20 per share in cash, a 54 per cent premium over the day before I began investing in Twitter and a 38 per cent premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. Twitter has extraordinary potential. I will unlock it.”

Musk got a reply from the board that read: “Twitter Confirms Receipt of Unsolicited, Non-Binding Proposal from Elon Musk. Twitter Inc has confirmed it has received an unsolicited, non-binding proposal from Elon Musk to acquire all of the Company's outstanding common stock for $54.20 per share in cash. The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders.”

After the news of Musk’s bid got out, Twitter was flooded with tweets supporting his possible takeover of the platform. A user shared, “This is honestly the best thing that could happen to Twitter & to its users. Elon is an avid supporter of free speech & he truly believes that a lot of major improvements are possible for Twitter.” Dr. Willie J. Montague, Candidate for U.S. Congress (FL-10), wrote: “A man willing to spend $41,000,000,000 for free speech is a good man that I can admire.” “Thanks @elonmusk Free speech matters. The intense reactions we’ll see in the wake of this offer from those who oppose free speech and seek to censor, silence and cancel will be a useful barometer for just HOW much this matters and how dangerous the path we are currently on is,” another user tweeted.

Hailing Musk, a fan of his said, “You rock ! 👏🏼.” Another one posted: “I pray Twitter accepts your offer.” “Legend for a reason!” the third one added. A supporting tweet from Brazilian motorsports racing driver, Lucas di Grassi, read: “For the better of the world, I hope they accept it. The impact on all other social media platforms will be huge. All the algorithms will have to adjust to real free speech.” Republican party politician Lavern Spicer said: “If Twitter cares about longevity and actually remaining relevant they’ll take the offer. If they don’t, then they won’t. Its in their hands. ELON, you’re a great man.”

A person remarked: “This is great example of Change leadership. Twitter needs to be privatised no one else can better lead the company than @elonmusk .I think board should accept the offer rather than creating a competition. If denied next tweet will be another twitter.” “For trying to save free speech in the ‘public square’ not only is Elon a legend, I told my husband today that he’s my new #ManCrush . I love this guy! Go get ‘em Elon!” another one added.