Elon Musk to buy Twitter for $61 billion

Elon Musk clinched a deal to buy Twitter Inc for $US44 billion on Tuesday 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 Twitter shareholders with financing details of his offer.Under pressure, Twitter started negotiating with Musk to buy the company at the proposed $US54.20 per share price.“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 statement.

The White House declined to comment on billionaire Musk’s deal to buy Twitter Inc, but said that US President Joe Biden has long been concerned about the power of social media platforms.Get a note directly from our foreign

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Elon Musk to buy Twitter for $61 billionThe deal will end Twitter’s run as a public company since its 2013 initial public offering. what's in it for him.........
Source: smh - 🏆 6. / 80 Read more »

Twitter ‘in takeover talks with Elon Musk’ after pressure from shareholdersCompany negotiating with Tesla CEO, say sources, after he wooed investors with details of his $43bn offer Relentless, emetic adverts, Google style will follow any elonmusk takeover of Twitter. God help us! It might be me, but this is concerning - Musk is a rich, talented, loose cannon and we have no idea what he wants Twitter for. I'd rather it was just left alone. I can't see in what way Twitter would be better in Musk ownership. ElonMuskBuyTwitter
Source: GuardianAus - 🏆 1. / 98 Read more »

Twitter ‘in takeover talks with Elon Musk’ after pressure from shareholdersCompany negotiating with Tesla CEO, say sources, after he wooed investors with details of his $43bn offer Musk is going to win this one.
Source: GuardianAus - 🏆 1. / 98 Read more »