Twitter accepts Elon Musk’s buyout offer
Twitter has announced that it has accepted Elon Musk’s buyout offer, confirming on Monday that Musk will take over in a deal worth $44 billion.
Musk acquired a 9.2% stake in the platform at the beginning of the month for $2.89 billion, becoming one of the biggest shareholders in Twitter, with a larger stake in the company than the former CEO of Twitter, Jack Dorsey. Two weeks later, Musk proposed a $43 billion buyout of the company, with Twitter saying at the time that it would consider the offer “carefully.”
Musk has pledged to make several improvements to Twitter, including loosening content moderation, removing spam bots and improving the platform’s verification system.
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