Tesla owner and Wold’s richest man, Elon Musk has finally takeover the ownership of social media giants,Twitter for $44bn.
Yans.ng had reported earlier on Monday that Twitter is reconsidering Elon Musk’s $43 billion takeover bid.
Twitter, however on Monday confirmed that it is selling the platform to Tetsla owner, Elon Musk in a deal valued at $44 billion as initially priced.
Musk bid to buy the company had a contention as Twitter’s board is concerned that defying its investors in the event Musk makes an attractive tender offer will weaken the company’s negotiating position. While on the other hand, shareholders of the company urged it not to let the opportunity for the deal pass them by
In his takeover speech,
Musk noted that free speech is foundation of a functional democracy, which he said Twitter is the digital town square where matters vital to the future of humanity are debated.
Yans.ng had reported that the two sides met on Sunday to discuss the proposal, the business negotiations might however come with little disagreement as company executives could insist on Musk agreeing to monetary protections if the deal happens to be sealed.
