Twitter boards have accepted a donation from billionaire Elon Musk to buy the media company and take it secretly, the company announced on Monday, April 25th.
"Vocabulary is the refuge of a functioning democracy, and Twitter is a digital community where the debate over what is important to a person's future is debated," Musk said in a statement confirming the agreement in a statement included in the statement. advertising announcing $ 44 contract. "I want to make Twitter better than ever by promoting the product with new features, making the algorithm more reliable, defeating spam bots, and making it accessible to everyone. Twitter has the potential It's fantastic - I look forward to working with the company and the staff to open it. "
The deal at $ 54.20 per share is worth about $ 44 billion, according to the newspaper. Twitter will be the private company once the deal is finalized.
Twitter shareholders will receive $ 54.20 in cash for each share of the Twitter product they own when the transaction is closed. The purchase price represents 38 percent premium and the company’s closing price on April 1, the day before Musk announced it had accumulated 9 percent in the company.
Musk said he wants to make Twitter "better than ever" by introducing new features, streamlining its algorithms, cracking bots and analyzing "everyone".
He added, "Twitter has incredible potential - I look forward to working with companies and communities to open it."
When Musk first donated to the platform on April 14, Twitter released a lethal drug to curb its ability to build immunity. But the board was forced to the negotiating table over the weekend after it unveiled a $ 46.5 billion package for the deal.
"The Twitter Board has developed a comprehensive and comprehensive framework to evaluate Elon's strategy that focuses on profit, credit, and finance," said Bret Taylor, Twitter president.
He added, "The required business will bring in huge revenue, we believe it is the best way for Twitter marketers." Once completed, this contract will be one of the largest acquisitions on record.
Republicans hope the deal could pave the way for Donald Trump to return to the platform after the former president was banned for repeatedly violating his policies on hate speech and false information.
"I hope that even my worst critics will remain on Twitter, because that is what freedom of speech means," Musk tweeted earlier on Monday.
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