Tesla CEO Elon Musk has officially acquired Twitter for around | Indian Stock Market 🇮🇳

Tesla CEO Elon Musk has officially acquired Twitter for around $44 billion in cash, offering $54.20 per share.

With this Twitter will now be a privately held company. Musk,, with an estimated net worth of $273.6 billion, is the world's richest person according to Forbes Magazine.

"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," Elon Musk said in a statement announcing the deal.

"I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans," he added.