Monday, October 2, 2023

It’s official: Elon Musk has bought Twitter

The richest man in the world bought Twitter for 44 billion dollars


1 min read

Elon Musk, the richest man in the world, bought the company Twitter for about 44 billion dollars.

The final agreement was reached today.

The social network “Twitter” thus comes under the control of Elon Musk, CEO of Tesla and SpaceX.

This put an end to the turbulent month during which Musk first became one of Twitter’s largest shareholders (9 percent), then refused to become a member of the Board of Directors, and now he is the owner.


Talks on the purchase of Twitter followed a meeting of the company’s Board of Directors on Sunday morning, at which Mask’s offer was discussed.

Mask’s statement that his offer was “the best and final” was a break in the negotiations, and the turning point was when the billionaire formally undertook to finance the eventual takeover of Twitter’s capital at a price of $ 54.2 per share. This satisfies the appetites of shareholders.

Earlier, Musk said that Twitter should be private in order to develop and become a real platform for freedom of speech.







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