Twitter accepts Elon Musk's purchase
It looks like billionaire Elon Musk of Tesla fame has won in his effort to buy ownership of Twitter:
The world’s richest man is set to complete his hostile takeover of Twitter for $43 billion, according to news reports.And he reportedly wants to make the site more private in business, along with trying to lessen the censorship rampant there. This is certainly pleasing news, and may encourage more people to make use of their platform. So, it remains to be seen how things will go from here, and what Twitter will look like going forward. Like, maybe some more space than just 280 characters in their spacing limit? That'd be getting somewhere, to be sure.
Reuters released an exclusive saying that Twitter is “nearing a deal to sell” itself to Tesla CEO Elon Musk for “$54.20 per share in cash.” That was the original price Musk offered when he launched his bid to own the company. Twitter may announce the deal “later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said.”
Labels: communications, United States
