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Elon Musk has launched an audacious bid to buy Twitter for more than $40bn, saying he wants to release its “extraordinary potential” to boost free speech and democracy across the world.
The Tesla chief executive and world’s richest person revealed in a regulatory filing on Thursday that he had launched a hostile takeover of Twitter. The news came just days after he bought a 9.2% stake in the social media company and was subsequently offered a seat on the board, but then refused to take up the position.
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