just! With a fixed price of $43.4 billion, Musk wants to take a strong privatization to buy Twister

On the 13th US time, Elon Musk issued a tough tender offer to the chairman of the twitter board of directors to acquire Twitter at a premium of 54% before the investment. Musk's offer exceeded Twitter's expectations. The news came out, And Twitter's stock price has risen by 5%. Twitter's board said it would review Musk's offer at the suggestion of Goldman Sachs and Wilson Sonsini Goodrich & Rosati.

According to the SEC's disclosure on April 4, Tesla CEO Musk has continuously bought Twitter shares since January this year, and currently holds 9.2% of the shares, making him the largest shareholder. Just on April 4, Musk signed an agreement with Twitter CEO Praga Agrawal, promising that he would not hold more than 14.9 percent of Twitter's publicly issued shares, either individually or as a group, for 90 days after serving as a director of Twitter, nor would he do so by other means. It's only been a week now, and Musk's mind has changed.

Musk not only changed his mind, but also was very strong, one was to emphasize that this bid was the best and the last bid; the second was to say that he would not bargain back and forth; third, if Twitter did not make changes, the investment would have no value; fourth, if there was no such reform as privatization, it could not be carried out; fifth, if the acquisition was not reached, he would reconsider his shareholder status.

This is followed by information about the robustness of SEC links that he published on his Personal Twitter account

Mr. Bret Taylor, Chairman of the Board,

I invested in Twitter because I recognized its potential to be a global platform for free speech, and I also believe that freedom of speech is a necessary element of a well-functioning democratic society.

Of course, since investing in Twitter, I now realize that the company, in its current form, is not yet able to meet this element and is unlikely to make it thrive.

Twitter needs to transform into a private company.

Therefore, I made a takeover offer at $54.20 per share in cash, which is the price premium of 54% the day before I invested in Twitter or the 38% premium on the share price on the day I invested in Twitter. My takeover offer is my best and final offer, and if my offer is not accepted, I may have to reconsider my status as a shareholder.

Twitter has very good potential and I'll reveal that.

Elon Musk

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Draft text:

As the weekend showed, I think the company should be privatized and there needs to be some changes.

I've thought twice about it over the past few days, and I've decided I want to buy Twitter and take it private.

I'll send you an invitation tonight and it'll be announced tomorrow morning.

Have time to chat?

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Voice Draft:

Preferably and finally:

I don't play back and forth games;

I want to reach the goal;

The bid is also high, and your shareholders will like it;

If the acquisition doesn't work out, if I don't have confidence in management or confidence that I can drive such a change in the open market, I will reconsider my shareholder status;

It's not a threat, and without change, it's not a good investment. These changes will be difficult to carry out without privatization.

After you receive this letter, my consultant and my team are always available to communicate and answer any questions.

More details will be disclosed in our announcement, and you and your team can call my home office phone if you have any questions after seeing our announcement.

Exhibit B

Bret Taylor

Chairman of the Board,

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.

As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.

Twitter has extraordinary potential. I will unlock it.

Elon Musk

Script

[SEND VIA TEXT]

As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made.

After the past several days of thinking this over, I have decided I want to acquire the company and take it private.

I am going to send you an offer letter tonight, it will be public in the morning.

Are you available to chat?

[VOICE SCRIPT]