in a deal that values the company at $44 billion, the board announced Monday afternoon.
"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," he said in a statement. The official acquisition caps off a drama worth of a soap opera between the famously mercurial Musk and one of the world's most prominent social networks.
"It all came down to no other bidders or white knights emerging in the M&A process," Daniel Ives, a Wedbush analyst who follows Twitter, said in a note. Board members'"back was against the wall once Musk detailed his $46 billion in financing last week to get pen to paper on this deal," Ives said.
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Elon Musk Agrees to Buy Twitter in $44 Billion DealBreaking: Twitter accepted Elon Musk’s bid to take over the company, giving the world’s richest man control over the influential social-media network That's how oligarchs work. The US is pretty close to becoming a copy of Russia AndyAuGustin once asked how Twitter would be profitable…we’re about to find out 🥲 Great but we need to hold to his word, free speech for all! Doesn't matter which side of the aisle you are on. Minimum rules, no hate speech and inciting violence! Twitter and other social media facilitators are not capable of determining 'misinformation'. At least so far!
Source: WSJ - 🏆 98. / 63 Read more »
Elon Musk to buy Twitter in $44 billion dealTwitter said Monday it has agreed to sell itself to Elon Musk in a roughly $44 billion deal that has the potential to expand the billionaire's business empire and put the world's richest man in charge of one of the world's most influential social networks. Guess I'll be deleting my account then. ☹️ Nice one Elon Donald Trump is coming back 😂🤲🏾 Y'all complaining can simply deactivate 😂 10,000 subscriptions bahahahahaha cnnplus
Source: cnni - 🏆 326. / 59 Read more »
Elon Musk acquires Twitter for roughly $44 billionThe company’s board and the Tesla CEO reached an agreement on his $54.20 a share bid. Goodbye Twitter Bezos & Gates on a conference call rn, getting ready for a flood of Twitter refugees if Elon let's the Nazis back. FBI US CONGRESS-ALREADY LEGALLY INFORMED-STATED TO THE HouseIntel & OversightDems-11/28/20-I will be taking all of the assets of the coalition of Civilized Nations and their loyalists.This was determined between 2003-2005.I.e.Rupert Murdoch,Mark Zuckerberg,Elon Musk,etc.-API🌅
Source: washingtonpost - 🏆 95. / 72 Read more »
Twitter accepts Elon Musk’s $44 billion bidMusk, who has said he wants to buy Twitter in order to restore the platform’s adherence to free speech principles, will pay $54.20 per share for the company, which he has vowed to take privat… YAY! congratulations Elon! Cannot wait to delete this app
Source: nypost - 🏆 91. / 67 Read more »