Elon Musk, the richest man in the world, is taking over Twitter for about $ 44 billion, Reuters reported. Musk previously announced that he wants Twitter to be withdrawn from the stock exchange.
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As part of the transaction, Musk takes control of a social platform where millions of users and world leaders are active, the Reuters Agency said.
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Negotiations over a deal that seemed uncertain last week gained momentum over the weekend. This happened after Musk provided Twitter shareholders with details of the funding for the offer. Under pressure, Twitter began negotiations with Musk to buy the company at the proposed price of $ 54.20. for the action – wrote Reuters.
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Twitter shares rose by around 6 percent on Monday. after these news – reported Reuters.
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Elon Musk tweets
“Freedom of expression is the backbone of democracy, and Twitter is a digital city plaza where key issues for the future of mankind are debated,” Musk said in a statement posted on Twitter.
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He added: “I wish Twitter was better than ever, and it will be by adding new features, making algorithms open source to increase trust, fighting bots and validating the authenticity of accounts. Twitter has tremendous potential – I can’t wait. working with the company and the user community to unlock it. “
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In a previous tweet, Musk said he hoped “even his fiercest critics would stay on Twitter because that’s what freedom of speech is all about.”
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Musk’s offer
Information about Musk’s offer appeared in mid-April. “I invested in Twitter because I believe in its potential to become a platform for free speech worldwide, and I believe that freedom of speech is a social imperative for a well-functioning democracy,” wrote the billionaire. “However, from the moment I made the investment, I realized that the company will neither prosper nor serve this social imperative in its current form. Twitter must be transformed into a private company,” added the CEO of Tesla.
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Twitter then confirmed that it had received Musk’s offer and would decide whether it was in the best interests of shareholders to accept or continue as a publicly traded company.
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On April 4, information appeared on the market that the president of Tesla took over 9.2 percent. Twitter shares, becoming the largest single shareholder in the company. Musk revealed in regulatory filings in recent weeks that he was buying stocks in almost daily lots starting on January 31.
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The richest man in the world and Twitter
Musk is a regular Twitter user and has 83.5 million followers.
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According to the Bloomberg Billionaires Index, Elon Musk’s estimated fortune is $ 259 billion. He is by far the leader of the list of the richest people in the world. The Bloomberg Billionaires Index is a ranking of the richest people in the world. It is updated every day after the listing on the New York Stock Exchange is closed.
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Jeff Bezos is second with assets valued at $ 169 billion. Bernard Arnault is on the lowest step of the podium – $ 143 billion.
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Elon MuskAl Drago/Bloomberg/Getty Images
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Elon Musk – who is he?
Musk, an American businessman from South Africa, is the co-founder or founder of PayPal, SpaceX, Tesla, Neuralink and Boring Company. He is currently the CEO of SpaceX and Tesla.
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In September 2021, SpaceX made history after the success of the first space mission, whose crew consisted of only civilians. One of the passengers was also a person who suffered from cancer as a child and won the fight against the disease. Spacex has also signed a $ 3 billion contract with NASA to build a next-generation lunar lander.
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Musk said his second company, Tesla, would continue to support technology development by developing a humanoid robot using artificial intelligence dubbed “Tesla Bot” or “Optimus”.
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photo-source">Main photo source: Al Drago/Bloomberg/Getty Images
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