Twitter has agreed to sell itself to Elon Musk in a deal valued at around $44 billion, the company says. “I hope that even my worst critics remain on Twitter, because that is what free speech means,” Musk said on Twitter Monday.
The deal, which will take the company private, caps off a whirlwind period in which the Tesla and SpaceX CEO became one of Twitter's largest shareholders, was offered and turned down a seat on its board and bid to buy the company — all in less than a month. Under the terms of the deal, shareholders will receive $54.
In his statement Monday, Musk said he wants to"make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans." Separately, he said in a tweet Monday that he hopes"even my worst critics remain on Twitter, because that is what free speech means.
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