Twitter representatives announced today that billionaire SpaceX and Tesla CEOs will buy the social media platform for $54.20 per share for a deal worth about $44 billion. Musk said in a statement: "Freedom of speech is the cornerstone of the functioning of democracy, and Twitter is a digital city square that debates issues vital to the future of humanity." He added: "I also want to make Twitter better than ever by enhancing the new features of the product, making the algorithm open source to increase trust, beating spam bots and authenticating everyone." Twitter has tremendous potential — and I look forward to working with the company and the user community to unlock its potential." ”
Elon Musk is one of the most influential and popular users on Twitter, with over 83 million followers, he often uses this site to update his company and all science and technology projects, haha, everyone says that twitter would have no soul without Elon Musk. Musk's acquisition of Twitter has been in the works for weeks. On April 4, Musk announced the acquisition of a 9.2% stake in the company, becoming the company's sole largest shareholder. Ten days later, Musk said he offered to buy the entire tweet for $54.20 per share.
In fact, at first Twitter was rejected, but there was no way, Elon Musk gave too much, Twitter shareholders actually did not want to sell, and even used the poison pill strategy, but the company finally decided to accept the transaction, the transaction is expected to close this year. Previously, Twitter's chairman of the board of directors said in the same statement: "Twitter's board of directors has made a thoughtful and comprehensive assessment of Elon's proposal, focusing on value, certainty and financing, and the proposed deal will result in a substantial cash premium, which we believe is the best way forward for Twitter shareholders." ”
