Elon Musk offered to buy all of Twitter's shares for $43 billion in cash. However, he admitted that he was pessimistic that his offer would be accepted.
"I'm not sure that I'll actually be able to acquire it (Twitter)," the Tesla and SpaceX leader said at the TED2022 conference in Vancouver, Canada.
As quoted by us from the BBC, he added that he had a plan B if his offer to buy Twitter was rejected, but did not provide further details on what that plan was.
In addition, Musk emphasized that Twitter should be more transparent and open. "I think it's very important (Twitter) to be an inclusive arena for free speech," he said.
In his offer to buy, Elon Musk believes is the right person to unlock the extraordinary potential of Twitter. The Twitter is currently evaluating the offer.
"I invested in Twitter because I believe in its potential to be a platform for free speech worldwide, and I believe free speech is a democratic function that society should have," Musk said in a letter he sent to Twitter.
"However, since making the investment I now realize that the company will not grow or serve the needs of society in this form. Twitter needs to be transformed as a private company," said Elon Musk.