Audio By Carbonatix
Tesla boss Elon Musk has offered to buy Twitter, saying he is the right person to "unlock" the social media platform's "extraordinary potential".
In a surprise announcement, Mr Musk said he would pay $54.20 a share for Twitter.
It recently emerged that Mr Musk was Twitter's biggest shareholder after he built up a large stake in the firm.
He said that if his offer was not accepted "I would need to reconsider my position as a shareholder".
In a filing with the US financial regulator, Mr Musk said: "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."
He added: "Twitter has extraordinary potential. I will unlock it."
Latest Stories
-
Miracles Aboagye’s arrest was unnecessary; he was cooperating with EOCO – Baffour Awuah
2 minutes -
Disbursement of teacher trainee allowances begins – TTAG
9 minutes -
NDC suffering from the ‘curse of majority’ in Parliament – Baffour Awuah
29 minutes -
Concerned NPP-USA members demand release of election album, raise transparency concerns ahead of branch polls
50 minutes -
CBG donates relief items to NADMO to support flood victims
2 hours -
Bail shouldn’t be used as public retribution – Vicky Bright on Miracle Aboagye’s bail conditions
2 hours -
Fair Wages and Salaries Commission appeals to GNAT to suspend planned strike over conditions of service
2 hours -
Police divert traffic as articulated truck blocks Birimso Bridge on Accra-Kumasi Highway
2 hours -
Ghana Embassy in Tokyo announces closure for Japan’s Marine Day Holiday
2 hours -
No plea deal yet in Wontumi’s EXIM Bank trial – Srem-Sai
3 hours -
African political finance laws must require candidates to disclose donations – Nyarko urges
3 hours -
Daily Insight for CEOs: Turning Change into Competitive Advantage
3 hours -
THE LAW 101: The rise and integration of the Tribunal System in Ghana (1979-1993) (Part I)
3 hours -
Dennis Aboagye arrest: No Ghanaian has right to determine when, where they should be arrested – Dzimega
4 hours -
Regional Tribunal courts could cost Ghana over US$10m to operate — Dennis Dwomoh
4 hours