What will Elon Musk’s ownership of Twitter mean for ‘free speech’ on the platform?

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Abstract

In a surprise capitulation, the board of Twitter has announced it will support a takeover bid by Elon Musk, the world’s richest person. But is it in the public interest?

Musk is offering US$54.20 a share. This values the company at US$44 billion (or A$61 billion) – making it one of the largest leveraged buyouts on record.

Morgan Stanley and other large financial institutions will lend him US$25.5 billion. Musk himself will put in around US$20 billion. This is about the size of a single bonus he is expected to receive from Tesla.

In a letter to the chair of Twitter, Musk claimed he would “unlock” Twitter’s “extraordinary potential” to be “the platform for free speech around the globe”.
Original languageEnglish
Pages1-5
Number of pages5
Volume2022
No.April
Specialist publicationThe Conversation
Publication statusPublished - 27 Apr 2022

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