Elon Musk Reportedly Buys Twitter For $44 Billion!
Say goodbye to Twitter…Elon Musk just bought it and he is going to change everything…
CelebnMusic247.com reports that Twitter said Monday it has agreed to sell itself to Elon Musk in a roughly $44 billion deal that has the potential to expand the billionaire’s business empire.
The worst thing about this is by having Elon Musk buy Twitter it just put the world’s richest man in charge of one of the world’s most influential social networks.
This will give Musk the power to manipulate the public into believing anything he wants.
The deal, which will take the company private, caps off a whirlwind period in which the Tesla and SpaceX CEO became one of Twitter’s largest shareholders, was offered and turned down a seat on its board and bid to buy the company — all in less than a month.
Under the terms of the deal, shareholders will receive $54.20 in cash for each share of Twitter stock they own, matching Musk’s original offer and marking a 38% premium over the stock price the day before Musk revealed his stake in the company.
Musk said in a statement Monday:
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. Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.
Twitter independent board chair Bret Taylor said in a statement:
The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing… [Calling the deal] the best path forward for Twitter’s stockholders.