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Elon Musk Finally Buys Twitter For $44bn Worth Deal

Elon Musk Finally Buys Twitter For $44bn Worth Deal

Elon Musk Finally Buys Twitter For $44bn Worth Deal

World’s Richest Man, Elon Musk Takes Over Twitter 

Micro-blogging giant, Twitter on Monday, 25th April 2022 has confirmed it is selling the platform to billionaire entrepreneur Elon Musk in a deal valued at $44 billion.

ALSO, READ Elon Musk Vows To Delete Fake Accounts Or ‘Die Trying’ If Bid To Take Over Twitter Succeeds

The sale was a dramatic shift for the board, which had originally manoeuvred to block Musk from taking the social media network private.

“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,” Musk said in a joint statement announcing the takeover.

Musk had purchased a significant interest in the company earlier this month before securing $46.5 billion in funding last week to complete the deal.

Elon Musk Finally Buys Twitter For $44bn 

Twitter board chair Bret Taylor said the body “conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” according to the statement.

ALSO, READ How To Effectively Market Your Business Online In 2022

“The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”

The polarizing Tesla chief’s campaign to buy the social media giant sparked concern that his unpredictable statements and alleged bullying are contradictory to his stated aims for the platform.

 

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