Musk Will Buy Twitter for $44 Billion
Twitter’s board initially enacted an anti-takeover measure known as a poison pill, but Musk prevailed with a $46.5 billion offer.
Billionaire Elon Musk has reached an agreement to acquire Twitter for about $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.
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