Billionaire Elon Musk made an offer to buy Twitter for $43 billion, in the latest move in the saga since the Tesla CEO acquired a 9.2 percent stake in the company.
Musk, in a letter to Twitter Chairman Bret Taylor disclosed in a Securities and Exchange Commission filing on Wednesday, said he would purchase the company in its entirety for $54.20 a share.
More than money: Musk, during an interview at the TED 2022 conference, said the bid to buy Twitter is not a way to "make money," but rather part of an effort to change the platform to be an "inclusive arena for free speech."
"What I'm saying is this is not a way to sort of make money. My strong intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization. I don't care about the economics at all," Musk said.
GOP rejoice: Republican lawmakers cheered Musk's offer to buy the company and his plan to focus on free speech.
Rep. Jim Jordan (R-Ohio), a fierce defender of former President Trump, said he would like to see Twitter accept the billionaire's offer.
"This is the public square today, these social — these big tech platforms. This is where we have debate in our culture and in our country today.
"So, let's have someone in charge who actually respects the First Amendment and free speech," Jordan said on Fox Business.
Rep. Lauren Boebert (R-Colo.), a conservative firebrand, echoed Jordan's sentiments, saying that Musk understands that "free speech is worth fighting for."
Read more about the offer here.
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