Elon Musk strikes deal to buy Twitter for $44bn! (£34.5bn) The board of Twitter has agreed to a $44bn (£34.5bn) takeover offer from the billionaire Elon Musk. Mr Musk, who made the shock bid less than two weeks ago, said Twitter had "tremendous potential" that he would unlock. He also called for a series of changes from relaxing its content restrictions to eradicating fake accounts. The firm initially rebuffed Mr Musk's bid, but it will now ask shareholders to vote to approve the deal. Mr Musk is the world's richest person, according to Forbes magazine, with an estimated net worth of $273.6bn mostly due to his shareholding in electric vehicle maker Tesla which he runs. He also leads the aerospace firm SpaceX. Why Elon Musk has been so keen to buy Twitter "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," Mr Musk said in a statement announcing the deal. "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," he added. "Twitter has tremendous potential - I look forward to working with the company and the community of users to unlock it."

0 0 Share
gavin gavin
18088 views

Elon Musk strikes deal to buy Twitter for $44bn! (£34.5bn)

Uploaded to — 1 year ago

Elon Musk strikes deal to buy Twitter for $44bn! (£34.5bn)

The board of Twitter has agreed to a $44bn (£34.5bn) takeover offer from the billionaire Elon Musk.

Mr Musk, who made the shock bid less than two weeks ago, said Twitter had "tremendous potential" that he would unlock.

He also called for a series of changes from relaxing its content restrictions to eradicating fake accounts.

The firm initially rebuffed Mr Musk's bid, but it will now ask shareholders to vote to approve the deal.

Mr Musk is the world's richest person, according to Forbes magazine, with an estimated net worth of $273.6bn mostly due to his shareholding in electric vehicle maker Tesla which he runs. He also leads the aerospace firm SpaceX.

Why Elon Musk has been so keen to buy Twitter
"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," Mr Musk said in a statement announcing the deal.

"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," he added.

"Twitter has tremendous potential - I look forward to working with the company and the community of users to unlock it."

Edit or resize any image by clicking the image preview
Edit any image by touching the image preview
Uploading 0 image (0% complete)
The queue is being uploaded, it should take just a few seconds to complete.
Upload complete
Uploaded content added to . You can create a new album with the content just uploaded.
Uploaded content added to .
You can create a new album with the content just uploaded. You must create an account or sign in to save this content into your account.
No image have been uploaded
Some errors have occurred and the system couldn't process your request.
    or cancelcancel remaining
    Note: Some images couldn't be uploaded. learn more
    Check the error report for more information.
    JPG PNG BMP GIF WEBP 16 MB
    reset close cancel cancel remaining