BREAKING: Twitter accepts Musk's $44 billion deal
to finance the transaction, including $25.5 billion of fully committed debt and margin loan financing and is providing an approximately $21.0 billion equity commitment
Twitter board chairman Brett Taylor said the company "conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and financing."Musk, a self-described "free-speech absolutist," has been critical of the platform and its chief executive Parag Agrawal's approach to free speech, questioning whether the platform and its chief executive Parag Agrawal have been rigorously adhering to free speech.
"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. "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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk agrees to $44 billion purchase of TwitterThe billionaire entrepreneur is using one of the biggest leveraged buyout deals in history to take private a 16-year-old social networking platform.
Read more »
With intrepid Twitter bid, Elon Musk is in battle with naysayersAlong came Elon Musk, the mercurial, visionary billionaire with a novel idea: Let’s take Twitter private and fix its business problems away from the constant public scrutiny.
Read more »
Dogecoin Fan Elon Musk May Buy Twitter This Week: ReportThe most powerful promoter of the Dogecoin cryptocurrency may take over Twitter as early as this week, according to a recent report
Read more »
Twitter Takeover Deal Negotiations With Elon Musk Underway: ReportsThe 11-member Twitter board met on Sunday to consider billionaire Elon Musk’s $43 billion takeover offer for the social media company, according to reports. Musk “wooed many of the soci…
Read more »