Your leaks warned, and it’s official: Twitter’s board of directors has accepted Elon Musk’s takeover offer worth $44 billion.. As revealed Brett Taylorchairman of the board of directors of Twitter, one of the main reasons for accepting the purchase is that “Elon Musk’s Proposed Transaction Will Generate Substantial Cash and We Believe It’s the Best Way Forward for Twitter Shareholders“.
Remember that before fully acquiring Twitter, Elon Musk made an initial investment with which he acquired 9.2% of the company worth $2.89 billion, claiming that this social network has enormous potential that it could unlock. A few days later, he found himself unable to make any changes to this percentage, so he decided to buy out the whole company to solve this small inconvenience.
“I also want Twitter to be better than ever by enhancing the product with new features, making algorithms open source to increase trust, defeating spambots, and authenticating all humans,” he added. “Twitter has enormous potential. I look forward to working with the company and the user community to unlock it.“.
Following the acquisition, Elon Musk hopes to offer a social network that truly enables freedom of expression, eradicate robots, fake accounts, and the large number of problems that this social network causes. At the time of writing, Twitter shares increased by nearly 6% in value.
“I hope even my worst critics stay on Twitter, because that’s what free speech means.“said Elon Musk in his last tweet.