It’s official: Elon Musk simply purchased Twitter for $44 billion

In one of many world’s greatest offers within the tech world, billionaire Elon Musk has taken management of Twitter. The deal will see Musk purchase the social community for $44 billion with shares valued at $54.20. Musk had introduced his takeover bid on April 14, calling it his ‘best and final offer’.

But his bid initially noticed Twitter’s put in place a ‘poison pill defence’ towards the hostile takeover. However, as soon as Musk introduced that he had secured funding, the board went into negotiations with the Tesla co-founder. According to Wall Street Journal, on Friday, Musk met “privately with several shareholders of the company to extol the virtues of his proposal” and likewise made video calls to them to push for his case.

Earlier right this moment, Musk had posted on his Twitter account, “I hope that even my worst critics remain on Twitter, because that is what free speech means.” It also needs to be famous that on Saturday, Musk had posted a quite distasteful tweet about Microsoft co-founder Bill Gates, apparently in response to Gates shorting Tesla. The tweet has greater than one million likes. He had then joked that the ‘shadow ban council’ was possible reviewing his tweet.

He has been a steadfast proponent of ‘free speech’ on the platform. In the submitting to the US SEC, Musk wrote, “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.” He additionally wrote within the submitting, “Twitter has extraordinary potential. I will unlock it.”

Musk has already proposed plans to take Twitter personal. He had additionally tweeted not too long ago, “If our twitter bid succeeds, we will defeat the spam bots or die trying!” adopted by one other publish which stated he would need all people on the platform authenticated.

The Tesla co-founder has additionally spoken prior to now about an ‘Edit Button’ on the platform and actually even held a ballot, the place he intentionally misspelt sure and no, presumably to spotlight that an edit button is required given the typos that individuals are inclined to make whereas tweeting. It needs to be famous that Twitter has already confirmed it’s going to introduce an Edit button.