- Joined
- Sep 15, 2020
- Messages
- 7,541
- Reaction score
- 5,435
- Location
- ve, ver, vis, vis, verself
- Political Leaning
- Undisclosed
Musk gets Twitter for $44 billion, to cheers and fears of 'free speech' plan
Elon Musk clinched a deal to buy Twitter Inc for $44 billion cash 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.
www.reuters.com
NEW YORK, April 25 (Reuters) - Twitter Inc (TWTR.N) is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the CEO of Tesla has called his "best and final" offer for the social media company, people familiar with the matter said.
Twitter may announce the $54.20-per-share deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said, adding it was still possible the deal could collapse at the last minute.
I know a lot of people on this board were upset with the idea of less censorship on Twitter, but if Reuters is correct it looks like it might happen. Twitter has allegedly agreed to Musk's offer to buy them out. They still have some escape hatches, but they're moving forward it seems. Musk believes that Twitter needs to become a private company to become a "genuine platform for free speech."