New Twitter owner. Elon Musk fulfilled his intentions

According to a press release, Twitter has officially accepted Elon Musk’s offer to buy a social media giant for about $ 44 billion. That means there is a $ 54.2 buyback involved. This followed a meeting of the company’s board of directors to discuss Musk’s latest offer for the aforementioned amount, which will include 22 billion private equity and 25 billion loans.

Elon Musk is officially the new Twitter owner

As Twitter was valued at $ 37 billion on Monday morning, this made Musk’s offer 54% higher than the market price, raising the stock to $ 54.2. When making the offer, Musk stated that rejecting it would induce him to reconsider his position as a shareholder, citing the loss of what he calls “trust in management.”

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Now, however, it is certain – Elon Musk is the new Twitter owner and continues to claim that the platform has “enormous potential”. The decision to sell Twitter was taken unanimously by the company’s management and should end in 2022, after which Musk will work with the company and all Twitter users to “get him free.”

As? He has already said something about this:

Freedom of speech is the cornerstone of a functioning democracy, and Twitter is a digital city market where issues essential to the future of mankind are discussed. I also want to make Twitter better than ever by enriching the product with new features, sharing algorithms as open source to increase trust, beating spam bots and authenticating all people

Musk wrote in a statement.