Elon Musk acquires Twitter for $44Bn

  • On Tuesday morning, Twitter made it official that Tesla and SpaceX CEO Elon Musk has fully acquired the microblogging platform in an all-cash $44 billion deal.

  • He acquired full 100% stake in Twitter at $54.20 per share.

  • "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," Mr. Musk tweeted announcing the deal.

  • "I want 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. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it," Elon Musk added.

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