Twitter Is Reportedly Set , To Accept Elon Musk’s Buyout Offer.
Twitter Is Reportedly Set , To Accept Elon Musk’s Buyout Offer.
'The New York Times' and other major outlets report that after Musk said last week he'd secured $46.5 billion in financing to buy the company.
'The New York Times' and other major outlets report that after Musk said last week he'd secured $46.5 billion in financing to buy the company.
Twitter is ready to make a deal.
A source told CNN that the company's board met on April 24 to review Musk's offer.
Twitter stock rose nearly 5% on April 25 after news of the impending sale was leaked.
Prior to Musk's bid, he'd purchased more than a 9% stake in the company and campaigned for changes to the platform.
Prior to Musk's bid, he'd purchased more than a 9% stake in the company and campaigned for changes to the platform.
He has repeatedly said Twitter's "extraordinary potential" has yet to be unlocked in the way of promoting free speech.
He has repeatedly said Twitter's "extraordinary potential" has yet to be unlocked in the way of promoting free speech.
I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy, Elon Musk, via offer letter to Twitter, as reported by CNN.
However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form.
Twitter needs to be transformed as a private company, Elon Musk, via offer letter to Twitter, as reported by CNN.
CNN reports that once the deal is finalized, the world's richest man will have control over one of the most influential social media platforms in the world
