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Controversial acquisition: Musk buys Twitter for 44,000 million dollars

Controversial acquisition: Musk buys Twitter for 44,000 million dollars

Status: 25.04.2022 21:52

Tesla boss Musk is buying the short message service Twitter for around $44 billion. Last week, the Internet company’s board of directors tried to prevent it. Musk plans a “global platform for free speech.”

Elon Musk takes over Twitter for $44 billion. This was announced by the United States short message service. Purchase negotiations only began on Monday night. Last week, Twitter’s board of directors tried to prevent a takeover by Musk.

$54.20 per share

Therefore, Twitter shareholders will receive $54.20 per share, an offer the Tesla boss had previously described as his “last and best”. Now it’s up to Twitter shareholders to decide whether to accept the offer. Twitter shares rose 6 percent. Musk had previously announced that he wanted to take the American company private.

Musk is one of the most active celebrity Twitter users with around 83 million followers. He announced that he wanted to make Twitter a “global platform for freedom of expression” because it was “important to civilization.” He wants to offer new features that expose the short message service’s algorithms to “increase trust” and wants to “defeat” so-called spam bots.

In recent weeks, Musk has made a number of proposed changes, including the rules that led to the suspension of former President Donald Trump’s account. Trump was banned from Twitter after expressing sympathy for his supporters who stormed the US Capitol in Washington on January 6, 2021.

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Meanwhile, Trump announced that he has no plans to return to Twitter, even if his account can be reactivated. He is staying on his own social media platform, Truth Social, even though Musk is “a good man” and will improve Twitter, he told US broadcaster Fox News.