Elon Musk reaches deal to buy Twitter for $44bn
The Guardian says Elon Musk has reached a $44bn deal to buy Twitter in a takeover that will give the world’s richest man control of a social network with more than 200 million users.
The sale will put the Tesla chief executive in charge of a company that he has frequently criticized, claiming it has not lived up to its potential as a platform for “free speech”.
The deal on Monday comes after a dramatic few weeks of speculation about Twitter’s future, triggered by Musk’s emergence as the platform’s largest single shareholder on 4 April. He then declared a takeover bid on 14 April, offering to buy all Twitter’s shares for $54.20 each.
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