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
-
Court remands unemployed man over theft of ECG property
44 seconds -
Election security rests solely with the police – Central Regional Police Command
3 mins -
NCCE engages political youth activists at Kumbungu on tolerance
3 mins -
‘In Mahama’s era students lacked chalk, but are now receiving tablets’ – Bawumia
13 mins -
Project commissioning not a ploy to attract votes – Oppong Nkrumah
15 mins -
CBG records GH¢1bn revenue in Q3
17 mins -
Mahama vows to create an agro-processing zone in Afram Plains
31 mins -
Political parties should plan for losses, not just wins – IGP advises
33 mins -
524 Diasporan Africans granted Ghanaian citizenship in ceremony
34 mins -
Mahama urges Afram Plains North residents to avoid ‘skirt and blouse’ voting
36 mins -
Asantehene receives more 19th century gold ornament and regalia
43 mins -
Hohoe Ghana Blind Union organises training for members ahead of Election 2024
50 mins -
Alan Kyerematen reveals his future plans for Ghanaian Health professionals
51 mins -
AAIN empowers women and small enterprises in Upper East Region through SHINE project
52 mins -
Akufo-Addo leads nationwide commissioning of 80 educational projects
58 mins