Elon Musk buys Twitter for $44 billion
- April 25, 2022
- 0
Elon Musk signed a $44 billion deal to buy Twitter Inc., which handed control of one of the world’s largest social media platforms to the world’s richest man
Elon Musk signed a $44 billion deal to buy Twitter Inc., which handed control of one of the world’s largest social media platforms to the world’s richest man on Monday.
It was reported this Monday by the American agency Reuters, citing sources familiar with the details of the financial transaction, Ukrinform reported.
“This is an important moment for the 16-year-old company, which is one of the most influential public platforms in the world and is currently facing a number of challenges,” the statement said.
Just last week, Elon Musk’s Twitter acquisition talks were considered ambiguous, but sped up over the weekend after Musk told the company’s shareholders the details of the financing of his offer.
“Freedom of expression is the foundation of a functioning democracy, and Twitter is a digital town square where issues vital to the future of humanity are discussed,” Musk said in a statement.
As Ukrinform reported, SpaceX and Tesla CEO Elon Musk He offered Twitter two weeks ago to buy back all of his shares. The billionaire already owned 9.2% of the company’s shares.
Photo: DPA
Source: Ukrinform
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
