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Musk Looks to Buy Twitter With a Bid At a 54% Premium

The Tesla and SpaceX chief launched a broadside at the lack of free speech on social media in regulatory filings, explaining he wanted to "unlock" the platform's value.

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Elon Musk has made an offer to buy Twitter (TWTR) at a 54% premium to its closing price on Wednesday in a move that he says will "unlock" the social media platform's value by privatizing the company, according to regulatory filings and a public statement.

Ollie Smith does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.