Elon Musk, CEO of Tesla, attends the opening of the Tesla Berlin Brandenburg plant in Gruenheide, Germany on March 22, 2022.
Patrick Ball / AFP / Shutterstockthe control. Elon Musk We reached an agreement to buy Twitter for $44 billion on Monday, April 25th.
The public company will be purchased for $54.20 per share in cash, and the company will then be privately owned by Tesla’s CEO, the world’s 50-year-old richest man.
“Freedom of speech is the bedrock of a functioning democracy, and Twitter is the digital city arena where matters vital to humanity’s future are discussed,” Musk said in a press release announcing his purchase Monday.
He went on to note that he intended to make some big changes. “I also want to make Twitter better than ever by improving the product with new features, making open source algorithms to increase trust, defeating spam bots, and authenticating all humans,” he explained. “Twitter has tremendous potential – I look forward to working with the company and the user community to unlock it.”
Brett Taylor, Twitter’s independent chairman, added in a statement: “The Twitter Board of Directors has conducted a considered and comprehensive process to evaluate Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will provide a significant cash premium, and we believe is the best path forward for Twitter shareholders.”
Musk bought a nine percent stake in Twitter earlier this month and was offered a place on the board after he became the company’s largest shareholder. The SpaceX CEO initially agreed to the venue, which was contingent on a background check, on the 11-person panel on April 5. However, four days later, the venue declined on April 9. No reason was given for his refusal.
The position, whose term was due to expire in 2024, would have required Musk to agree not to own more than 14.9 percent of Twitter stock or acquire the company, according to a Securities and Exchange Commission filing, New York times reports.
The soon-to-be Twitter owner is also a father. He shares twin sons Xavier and Griffin, both 18, as well as triplets Kai, Saxon and Damian, who are 16, with his ex-wife Justin Wilson. The couple were married from 2000 to 2008, and Musk moved in with him ttoOlah Riley And Amber Heard before romance Grimes. He and the musician, 34, announced their relationship in 2018 and share son X AE A X-II, 23 months, and daughter Exa Dark Slideræl, 4 months.
Grimes and Musk split in September 2021, three months before their daughter was born, but the couple have since met. “I might refer to him as my friend, but we are very fluid,” Grimes said. Vanity Fair In March 2022 about the status of its relationship with the technology investor. We live in separate houses. He was best friends. We see each other all the time. …we only have something of our own, and I don’t expect others to understand it. “
The “Forgetting” singer tweeted that the interview was already outdated on March 10. She wrote: “E and I have broken up *again* since writing this post haha, but he’s my best friend and the love of my life.”
