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Twitter has accepted Elon Musk’s offer to purchase the company for $44 billion, the company announced in a press release today. Musk purchased the company at $54.20 a share, the same price named in his initial offer on April 14th.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,”
said Musk in a statement included with the release.
“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.”
Twitter CEO Parag Agrawal also applauded the deal in the release. “Twitter has a purpose and relevance that impacts the entire world,” Agrawal said in an accompanying statement. “Deeply proud of our teams and inspired by the work that has never been more important.”
Jameela Jamil has announced that she’s leaving Twitter after news that Elon Musk has purchased the platform.
The Tesla founder successfully acquired the social media site on Monday (25 April) for around $44bn (£34.5bn). As a result, Twitter will now be a privately owned company.
Twitter Inc. on Monday accepted Elon Musk’s bid to take over the company, which would give the world’s richest man control over the social-media network where he is also among its most influential users. Mr. Musk intends to take Twitter private as part of the deal.
What do you think? Will Twitter under the guidance of the richest man in the world finally find it's wings?