White House Responds to Elon Musk's Bid to Buy Twitter

Tesla CEO Elon Musk has offered to buy Twitter outright, saying the social media platform "needs to be transformed" from his perspective as a self-identified free speech absolutist.

Twitter Inc. said in a regulatory filing on Thursday that Musk, currently the company's biggest individual shareholder, has proposed buying the remaining shares of Twitter that he doesn't already own at $54.20 per share, an offer worth more than $43 billion.