This news has gone viral.
Elon Musk has formed a deal with Twitter to acquire the social media company for $54.20 per share, about $44 billion, the organization announced on April 25. Twitter, therefore, will be a privately owned company.
“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,” the Tesla CEO said in a press release. The CEO of Tesla stated that he also wants to make Twitter even better. He said, “I want Twitter to be the best it can get.” Twitter has tremendous potential–I look forward to working with the company and the community of users to unlock it.”
This is the latest less than two weeks after Musk offered to purchase the social media company for $54.20 per share. A letter addressed to the Chairman of Twitter’s Board Bret TaylorMusk shared the information in an April 13 Security and Exchange Commission filing. Musk had 9.2 percent Twitter stock and noted that it was his “best and last” offer.
He wrote that Twitter had “extraordinary potential” at the time. It is my goal to unlock it.