Twitter is reportedly weighing a plan to block the acquisition after the Tesla and SpaceX CEO said in a Securities and Exchange Commission filing that he would buy the company for US$54.20 per share as a “best and final offer.” Musk said he intends to take the company private in order to make it “the platform for free speech around the globe.” (The Wall Street Journal, The Logic)

Talking point: Twitter shares were little changed despite the offer’s 38 per cent premium over the day before Musk’s investment was publicly announced. It raised questions about how the world’s richest person would finance the takeover, as most of his wealth is tied up in Tesla or SpaceX shares. He said at a Ted Talk in Vancouver that he’s unsure if he can do so, but he has a plan B. (There’s also the question: is this another 420 joke?) The Information reported that  major shareholders aren’t likely to block the deal, nor are former Twitter suitors Disney and Salesforce stepping forward so far. If the unsolicited bid isn’t accepted, Musk said he’ll reconsider his entire 9.2 per cent stake as the company’s largest shareholder, saying “this is not a threat, it’s simply not a good investment without the changes that need to be made.”