Elon Musk Confirmed to Acquire Twitter for $44 Billion

[Pelican Press 0]

Elon Musk Confirmed to Acquire

This is the hidden content, please

• Sign In
• or
• Sign Up

for $44 Billion

Elon Musk clinched a deal to buy

This is the hidden content, please

• Sign In
• or
• Sign Up

for $44 billion on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person.

Discussions over the deal, which last week appeared uncertain, accelerated over the weekend after Musk wooed

This is the hidden content, please

• Sign In
• or
• Sign Up

shareholders with financing details of his offer.

Under pressure,

This is the hidden content, please

• Sign In
• or
• Sign Up

started negotiating with Musk to buy the company at the proposed $54.20 per share price. The deal ends

This is the hidden content, please

• Sign In
• or
• Sign Up

’s run as a public company since its 2013 initial public offering.

Parag Agrawal,

This is the hidden content, please

• Sign In
• or
• Sign Up

’s CEO, said, “

This is the hidden content, please

• Sign In
• or
• Sign Up

has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”

“Free speech is the bedrock of a functioning democracy, and

This is the hidden content, please

• Sign In
• or
• Sign Up

is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement, adding, “I also want to make

This is the hidden content, please

• Sign In
• or
• Sign Up

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.

This is the hidden content, please

• Sign In
• or
• Sign Up

has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

This is the hidden content, please

• Sign In
• or
• Sign Up

’s shares were up about 6 percent following the news.

© Thomson Reuters 2022

 

This is the hidden content, please

• Sign In
• or
• Sign Up

elon musk confirmed to acquire

This is the hidden content, please

• Sign In
• or
• Sign Up

for $44 billion

This is the hidden content, please

• Sign In
• or
• Sign Up

,elon musk
#Elon #Musk #Confirmed #Acquire #

This is the hidden content, please

• Sign In
• or
• Sign Up

#Billion

This is the hidden content, please

• Sign In
• or
• Sign Up