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Elon Musk Finally Buys Twitter For 44 Billion Dollars

Owner's Profile

Staff Writer, TLR

Published on July 14, 2023, 17:41:00

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Elon Musk, Twitter

Tech billionaire Elon Musk has fully acquired Twitter which is the largest social networking platform in the world in a deal of about 44 billion dollars and finalized it in an all-cash. Twitter will now be owned by him and each share is valued at 54.20 dollars.

This historic deal which is the third biggest tech acquisition in history is expected to close by the end of this year. This transaction is reported to have been unanimously approved by Twitter's board of directors and Twitter will now become a private entity after the completion of this deal.

On the occasion of this famed acquisition, Tesla's CEO had tweeted that 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. He further stated that he wants to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spambots, and authenticating all humans.

Elon Musk later took to Twitter to say that he hoped even his worst critics would remain on the platform.
The future of this 16-year-old and one of the largest social media platforms in the world is now in the hands of the richest person in the world.

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