Elon Musk Is Set To Purchase Twitter For $44 Billion


Elon Musk
Elon Musk

Twitter has accepted Elon Musk’s nearly $44 billion takeover offer, which represents one of the largest leveraged buyouts of a publicly traded company in history.
In the wake of a meeting with its shareholders, Twitter announced the $54.20-per-share acquisition. The acquisition was announced just four days after Musk unveiled a financing package to support the transaction.

Elon Musk, a self-described “free speech absolutist,” has expressed dissatisfaction with Twitter’s business practises. He has stated that Twitter must be taken private in order to grow and develop into a genuine platform for free expression.

See Also: For Refusing To Turn Over Evidence, Trump Must Pay A Daily Fine Of $10k

This week, Elon Musk, a 50-year-old entrepreneur who also happens to be the CEO of rocket developer SpaceX, stated that he wants to combat trolls on social media and proposed changes to the Twitter Blue premium subscription service, including lowering its price and banning advertising.
The billionaire, who is a vocal supporter of cryptocurrencies, has also suggested that dogecoin be added as a payment option on the social media platform Twitter.

Latest news

Introducing Iamyungp: The Multi-Talented Artist From Maryland

Hailing from Maryland, Iamyungp is a budding artist with a passion for music that transcends his talent. With eight...

Anıl Ulaş Övençoğlu: The Visionary Entrepreneur Revolutionizing the Turkish Real Estate Market

Anıl Ulaş Övençoğlu is a visionary entrepreneur and business leader who has made a significant impact in the Turkish...

Valeriya Hjertenaes: Mrs. Congeniality, Fighter for equality,  Champion of Diversity and Women of Empowerment

Valeriya Hjertenaes, is a true embodiment of hard work, determination, and a passion for making a difference in the...

Cheedoe: The Rising Star of Milwaukee’s Hip Hop Scene

The city of Milwaukee is buzzing with the name Cheedoe, as the young rapper continues to make waves in...

DJ Gr1mz: The Journey of a Trailblazer in the Music Industry

Damon Juan Lopez, professionally known as Gr1mz, is a multi-talented DJ and music producer based in Laguna Hills, California....

Pamela Anderson Reveals How ‘Borat’ Made Kid Rock Lose His Damn Mind

In an exclusive excerpt from her book Love, Pamela, the legendary performer discusses a screening of Borat that went...

Must read

Hyp3rtek: The Fusion of Metal, Latin Rhythms, and EDM

Guillermo De Jesus Ayon, better known by his stage...

Grammys 2022 – Jon Batiste Wins Three Awards and Chris Stapleton Takes Two

During the Grammys 2022, Jon Batiste and Chris Stapleton...

You might also likeRELATED
Recommended to you

You Cannot Copy Content of This Page