Billionaire Elon Musk came up with agreement with Twitter Inc for the acquisition of the company against $ 44 billiona move by which the popular platform with millions of users, including many leaders and celebrities, will become the property of the richest man in the world.
it is about a crucial moment for the company, which completes 16 years as one of the most influential public debate venues in the world and now faces a number of challenges.
The businessman has agreed to pay $ 54.20 per share and has stated that he intends to withdraw the company from the Stock Exchange in which he was listed in 2013.
Musk, who made the shocking bid less than two weeks ago, said Twitter had “Huge potential” who wants to “unlock”.
It also called for a series of changes, from easing content restrictions to eliminating fake accounts.
The company initially rejected Musk’s offer, but will now ask shareholders to vote to approve the deal.
Musk is the richest man in the world, according to Forbes magazine, with an estimated net worth of $ 273.6 billion, largely due to his involvement in the electric vehicle maker Tesla, which he runs. He also leads the aerospace company SpaceX.
“Freedom of speech is the foundation of a functioning democracy, and Twitter is the ‘digital square’ of the city where issues of vital importance to the future of humanity are being discussed,” Musk said in a statement announcing the agreement.
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I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
