founder teslaBillionaire Elon Musk has launched a bid to buy the social network Twitter for $43,000 million (about 40,000 million euros), according to a letter sent by various media outlets to the company’s board of directors.

According to the letter in question, which published both CNBC What BloombergConsidered the richest man in the world, Musk offered $54.20 cash per share. This figure represents a 54% premium over the closing price of January 28, the day before I started investing in Twitter.

Likewise, it represents a 38% premium over the share price the day before its investment in the social network was made public.

Before the market opening Wall StreetThe social network’s actions increased by more than 12% this Thursday.

“My offer is my best and last offer, and if it is not accepted I will have to reconsider my position as a shareholder,” he warns.

In the aforementioned letter, Elon Musk reassures that Twitter should be a “private company”. This, in his view, “can neither develop nor serve” freedom of expression in its current form.

Musk says he believes in the company’s potential to become a worldwide free speech platform. I believe that freedom of expression is a social necessity for the functioning of democracy.