It's official: Elon Musk is buying Twitter

It's official: Elon Musk is buying Twitter

Summary:

Twitter had a change of heart this weekend.

Protocol.com

Elon Musk's takeover of Twitter is actually happening. Twitter and Musk announced the deal, which is valued at $54.20 a share, on Monday. The move comes after a weekend of negotiations between Twitter and Musk, who had just gotten the funding needed to buy the company last week.

The deal, worth about $44 billion, adheres to the price Musk had originally set and told Twitter he would not change his mind on.

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

Source:

(*) Protocol. Url: https://www.protocol.com/bulletins/elon-musk-buys-twitter?utm_campaign=pro_elon_buy_gs&utm_medium=search&utm_source=google&gclid=Cj0KCQjwyMiTBhDKARIsAAJ-9VsMTpVewuZmeYlA5Ch8gcXV4MLfjuf_tUzWhCmQJtLf_daIbV5SzQQaAj71EALw_wcB