elon musk first tweet after buying twitter

Elon Musk clinched a deal to buy Twitter Inc for $44 billion on Monday 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. Twitter started negotiating with Musk to buy the company at the proposed $54.20 per share price. The deal ends Twitter’s run as a public company since its 2013 initial public offering.

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Shares of Twitter, arguably the world’s most influential social media platform, jumped after the Wall Street Journal reported that the company is nearing a deal with Elon Musk, the world’s richest man. Later, Tesla CEO Musk finally caught the elusive Twitter bird for $44 billion, as the company’s board decided to give in to his takeover bid with his “best and final” offer.

Parag Agrawal CEO, Twitter
theverge

Musk offered to buy Twitter for $54.20 per share

Twitter announced late on Monday evening that it has entered into a definitive agreement to be acquired by an entity wholly-owned by Musk for $54.20 per share in cash in a transaction valued at nearly $44 billion.

Musk sits at a net worth of $269.7 billion in the Forbes real-time billionaires’ index. That’s a savage lead of more than $99 billion over the second richest man, Jeff Bezos of Amazon. Earlier this April, Musk offered to buy Twitter for $54.20 a share, or about $43 billion.

The company’s board met on Sunday to discuss Musk’s financing plan for his proposed bid, a source told CNBC. Twitter is set to report first-quarter earnings on Thursday. Musk, who owns Tesla and SpaceX, built up more than 9 per cent in Twitter stock and turned down an offer to join the board before putting in a bid.

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elon musk buy twitter
marketwatch

Elon Musk first tweet after he acquired Twitter

Moments after Billionaire Elon Musk reached an agreement to acquire Twitter for approximately 44 billion, his first tweet hailed free speech in the early hours of Tuesday. He tweeted

“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,”. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

The SpaceX founder also hoped that his worst critics also remain on Twitter

The consequent disarray was palpable. While welcoming Musk till the foray was limited to a single-digit control of Twitter stock, CEO Parag Agrawal has gone off his own platform since the last 18 days. After the deal with Elon Musk was finalised, Twitter CEO Parag Agrawal tweeted,

All hail Musk!

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