Elon Musk has launched a $41.39 billion hostile takeover of Twitter, the world’s most influential social media platform.
On early Thursday, Musk made his “best and final” offer to buy Twitter Inc., stating that he intends to unlock the company’s “extraordinary potential.” As predicted by Rebel News on Monday, Musk’s rejection of a position on the company’s board of directors unshackled him to purchase more than 14.9% of the stock.
Musk’s current 9.1% stake in the company makes him Twitter’s largest individual shareholder.
“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,” said Musk in a statement.
According to Bloomberg, Musk, who’s the world’s richest man, will pay $54.20 per share in cash, representing a 54% premium over the company’s Jan. 28 closing price. It will cost Musk a cool $41.39 billion – above its current market valuation of $37 billion.
Who would have expected that Americans’ freedom of expression would be best served not by its government, nor by a native-born American steeped from the cradle in our traditions of freedom, but by an immigrant to these shores from South Africa? Yet that is what has come to pass.
Mind you, this is not a “solution” to the encroachments on freedom of expression. Yet it’s more than a ray of light. It’s a powerful beam that simultaneously illuminates one of the chief sources of threat and moves to liberate it. That the man holding the lantern is Elon Musk makes clear that one of our modern merchant princes seriously does appreciate what makes America a desirable place to be. If there were a few others like him in the billionaire class, we would have no need to fear the would-be censors of the Left.
The premium Musk is offering over Twitter’s current share price makes it unlikely to be refused. It’s an occasion to celebrate.