Twitter’s biggest shareholder Elon Musk has been offered a seat on Twitter’s Board of Members by the denied and offered the giant social media platform ‘Twitter’ $43 billion cash takeover on Thursday.

Highlights

Musk told the audience about his bid on Twitter at a Ted Talk in Vancouver
Twitter, the micro-blogging platform became a global means of communication 
He offered $54.20 per share which represents a 38% premium to twitter’s April 1 close

Also Read: Elon Musk's Shares are the Highest on Twitter among other shareholders

The top billionaire of the world, Elon Musk has offered a sum to the Twitter, a giant social media platform to make it an arena for free speech after a lawsuit filed by Twitter for not disclosing his share in the company that was unlawful as per the US rules that after reaching to the 5% share in the company investor should inform in just 10 days.

Musk said about the social media platform Twitter that it needs to be private to grow and become a platform for free speech after he aimed Twitter Inc. (TWTR.N) with a $43 billion cash takeover offer on Thursday.

He also said “I think it’s is very important for there to be an inclusive arena for free speech,” Elon Musk said at a Ted Talk in Vancouver when asked about his bid.

He write a letter to the board of Twitter in which he reveals a bid he made to the social media giant in which he said he is ready to offer $54.20 per share represents a 38% premium to Twitter’s April 1 close, the last trading day before his 9.1% stake in Twitter that was made public.

After Musk has announced his bid on Twitter, the shares of the Company rose after the big decision change of the biggest shareholder of the company. Investors of the company were not convinced by such a move.

Saudi Arabia’s Prince Alwaleed bin Talal tweeted from his verified account about the deal. Describes Musk as the biggest shareholder of Twitter. He also said about Musk as the “largest & long-term shareholder of Twitter,” he said Musk’s undervalued the company and he rejected it.

Also Read: Suit Filed Against Elon Musk by Twitter Shareholder Over Delay in Disclosing Stake