Twitter confirms sale of company to Elon Musk for $44 billion
Twitter on Monday (April 25) confirmed the sale of the company to Tesla and SpaceX boss Elon Musk for $44 billion. The sale will now give control of one of the most popular social media platforms to the world's richest person. Twitter is used by millions of people.
In a joint release announcing the takeover, Musk said: "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." Reports related to the bid were circulated and the discussions over the deal dominated the media reports globally.The talks were reportedly accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer.
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