Tesla CEO Elon Musk offers to buy Twitter for $43 billion
New York, Apr 14: Elon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company's board of directors.
Twitter Inc. said in a regulatory filing on Thursday that Musk, who currently owns slightly more than 9% of its stock and is the company's biggest shareholder, provided a letter to the company on Wednesday that contained a proposal to buy the remaining shares of Twitter that he doesn't already own.
Musk offered $54.20 per share of Twitter's stock. It would be an all cash offer and would value the social network at $43.4 billion.
He called that price his best and final offer.
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, Musk says in the filing.
However, since making my investment I now realise the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
The buyout offer from Musk is just the latest development in his relationship with Twitter.
The billionaire revealed in regulatory filings over recent weeks that he'd been buying shares in almost daily batches starting Jan. 31.
Only Vanguard Group's suite of mutual funds and ETFs controls more Twitter shares.
At that point Twitter quickly gave Musk a seat on its board on the condition that he not own more than 14.9% of the company's outstanding stock, according to a filing. But Musk backed out of the deal.
Musk's 81 million Twitter followers make him one of the most popular figures on the platform, rivalling pop stars like Ariana Grande and Lady Gaga. But his prolific tweeting has sometimes gotten him into trouble with the SEC and others.
Musk and Tesla in 2018 agreed to pay 40 million in civil fines and for Musk to have his tweets approved by a corporate lawyer after he tweeted about having the money to take Tesla private at 420 per share.
That didn't happen but the tweet caused Tesla's stock price to jump. Musk's latest trouble with the SEC could be his delay in notifying regulators of his growing stake in Twitter.
Musk has described himself as a free speech absolutist and has said he doesn't think Twitter is living up to free speech principles an opinion shared by followers of Donald Trump and a number of other right-wing political figures who've had their accounts suspended for violating Twitter content rules.
Shares of Twitter jumped 11% before the market open.
I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
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KCOCA invoked against two accused in land dispute murder case
Udupi (Karnataka) (PTI): Karnataka Police have invoked provisions of the stringent KCOCA against two people in connection with a series of violent crimes, including murder, arising out of a prolonged land dispute in this district, officials said on Monday.
According to police, section 3 of the KCOCA was invoked after an assessment revealed the accused persons' - gangster Kali Yogish and alleged land shark Yogish Acharya- alleged involvement in multiple serious offences over a sustained period.
Accused Yogish has been arrested and remanded to judicial custody by a special KCOCA court in Mysuru, while gangster Kali, who is absconding, is believed to be residing abroad.
The case dates back to December 2022, when Kaup police registered an assault case against the accused duo and their associates for allegedly attacking a person identified as Chandrashekhar and others following a dispute over land ownership.
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The conflict escalated in March 2023 with the murder of a person identified as Sharath Shetty. Police said Shetty was allegedly killed for refusing to support Yogish and for assisting Chandrashekar in the land dispute.
A murder case was registered at Kaup police station, with Chandrashekar cited as a key witness in both cases.
Police further stated that on October 20, 2025, Chandrashekar received a threat at around 8.15 pm, warning him against deposing in court. He was allegedly asked to resolve a financial dispute with Yogish Acharya and threatened with death if he failed to comply.
Based on his complaint, a case was registered under the relevant sections of the Bharatiya Nyaya Sanhita.
The investigation was supervised by Assistant Superintendent of Police, Karkala subdivision, Harsha Priyamvada.
Accused Yogish Acharya was initially arrested on October 24, 2025, and later released on bail. He was subsequently re-arrested after the invocation of KCOCA and remanded to judicial custody, police said.
