Elon Musk buys Twitter for $44 billion in one of the biggest tech acquisitions of all time 

Tesla Billionaire and tech tycoon Elon Musk has bought societal media elephantine Twitter successful a precise nationalist bid to unlock Twitter’s bonzer potential. 

Earlier today, Twitter shares halted arsenic the satellite heard rumors of Elon Musk Twitter acquisition. Now, it has been confirmed that the rumors are existent and Elon Musk has successfully bought Twitter for $44 cardinal successful 1 of the biggest tech acquisitions of each time. 

BREAKING: Twitter banal trading has been halted successful mentation for Elon Musk‘s acquisition deal.

— Watcher.Guru (@WatcherGuru) April 25, 2022

Bloomberg Business has confirmed that Musk volition instrumentality Twitter private.

BREAKING: Elon Musk to bargain Twitter for $54.20 a share, totaling astir $44 cardinal https://t.co/G6VGUpurm7 pic.twitter.com/1OADeWbz01

— Bloomberg (@business) April 25, 2022

Investors volition person $54.20 per share. In a woody that looked excessively bully to beryllium true, it whitethorn really beryllium going through. 

On April 14, conscionable implicit a week agone Elon Musk, 1 of the world’s richest men, made an irresistible connection to the shareholders of Twitter to bargain the institution outright astatine 54.20 USD per share. At the clip of his offering, the terms of 54.20 per stock successful currency was a “54% premium implicit the time earlier helium had primitively begun investing successful Twitter” says Musk successful his filing to the securities and speech commission. 

Musk who already owned 9.2% of Twitter had demonstrated his content and involvement successful the company. It had besides been reported earlier that Musk was successful precocious discussions regarding his takeover offer.

The conflict for escaped speech

Musk believes that the institution volition not excel successful its existent signifier and should beryllium transformed into a backstage company. 

Addressing the Chairman of the Twitter committee Musk outlined his content successful escaped code and the request to alteration Twitter into a backstage company. 

In a telephone to action, Musk asked adjacent his critics to enactment connected Twitter arsenic this was the powerfulness of escaped speech.

I anticipation that adjacent my worst critics stay connected Twitter, due to the fact that that is what escaped code means

— Elon Musk (@elonmusk) April 25, 2022

As portion of his broader plans for the platform, Musk outlined past week that helium would tackle the ongoing issues with spam bots that person plagued profiles crossed the platform.

If our twitter bid succeeds, we volition decision the spam bots oregon dice trying!

— Elon Musk (@elonmusk) April 21, 2022

Dogecoin, the celebrated meme coin associated with Musk has rocketed by 18.41% successful the past 24 hours, according to Cryptoslate data. Tesla already accepts Dogecoin arsenic outgo successful its online store.