As Ukrinform reports, CNN reports.

According to documents submitted to the US Securities and Exchange Commission, Musk is offering $54.20 per share. The total value of the company will be 43.4 billion dollars.

Musk added that the offer he sent to the company on Wednesday was the “best and last offer.”

“I invested in Twitter because I believe in Twitter’s potential to become a worldwide platform for free speech, and I believe freedom of speech is a societal imperative for a functioning democracy. However, after investing money, the company in its current form will neither thrive nor serve this social imperative. I get it. Twitter needs to be turned into a private company,” Musk wrote in a document he submitted to the regulator.

Twitter said its board of directors would carefully consider Mask’s proposal “to determine a course of action that, in its view, is in the best interests of the company and all Twitter shareholders.”

As Ukrinform reported, Tesla CEO Elon Musk, who bought a 9.2% stake in Twitter, refused to join the company’s board of directors.