Elon Musk takes over Twitter for good, $44 billion takeover bid accepted

44 billion dollars, it cannot be refused, and Twitter just proved it. The company announced tonight that it has reached a final agreement to be acquired by Elon Musk.

The emblematic CEO of Tesla and founder of SpaceX has just added one more company to the string of groups he owns: Twitter. A little over a week after offering to buy the social network for 54.20 dollars per share, the billionaire has therefore won his bet… to seize it.

Elon Musk takes over Twitter

This takeover project, now approved, will probably not surprise anyone. Earlier today, the American media Bloomberg claimed, moreover, that the takeover of Twitter was very close. Information now fully confirmed.

As reminded The Vergethis acquisition nevertheless comes as Twitter claimed to want to resist the substantial offer from Elon Musk, who had previously refused a seat on the firm’s board of directors.

Note that if this financial soap opera is coming to an end, we do not know for the moment what direction Elon Musk will wish to give to his new acquisition. The businessman, who readily describes himself as a ” free speech absolutist “, had indicated in particular to want” unleash the potential from Twitter, pushing the group to become a private company again in order to have better control of it. ” It is important that people have the awareness and the perception that they can speak freely within the limits of the law “, he said during an interview in mid-April. A new modus operandi for Twitter?

Source : The Verge