Billionaire Elon Musk has reached an agreement to acquire Twitter for approximately $44 billion, the company said.
The outspoken Tesla CEO, the world’s wealthiest person, has said he wants to buy Twitter because he thinks it’s not living up to its potential as a platform for “free speech.” He says it needs to be transformed as a private company in order to build trust with users and do better at serving what he calls the “societal imperative” of free speech.
Twitter said it will become a privately held company after the sale is closed.
Musk on deal: “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. I also want to make Twitter better than ever.”
– Twitter’s board approves deal
– $54.20 per share, $44B total
– Will become private company
– Musk: ‘Free speech is bedrock of democracy’
– Musk: Adding new features, open source algorithm
– Musk vows to defeat spam bots, ‘authenticate all humans’
🚀💫♥️ Yesss!!! ♥️💫🚀 pic.twitter.com/0T9HzUHuh6
— Elon Musk (@elonmusk) April 25, 2022
