Parag Agrawal and Elon Musk are soliciting users’ views about the ‘edit’ button.
The 16-year-old Twitter would become a private entity on completion of the deal, according to the press release
- Last Updated:April 26, 2022, 07:47 IST
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Putting an end to weekslong speculation, Twitter board has accepted an offer from Elon Musk, the richest man in the world to buy the popular social media platform for $44 billion cash. The 16-year-old Twitter would become a private entity on completion of the deal, according to the press release. “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,” said Elon Musk.
Elon Musk Takes Over Twitter for $44 billion: Know the Deal
Twitter will be acquired by an entity wholly owned by Elon Musk for $54.20 per share in cash in a transaction valued at approximately $44 billion. The transaction has been unanimously approved by the board of directors of Twitter. The deal is expected to close in 2022, subject to the approval of Twitter stockholders, the receipt of applicable regulatory approvals and the satisfaction of other customary closing conditions.
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