Elon Musk Buys Twitter: Twitter, one of the largest social media companies in the world, is now sold out. It has been bought by the world’s famous rich person Elon Musk for $ 44 billion.
Elon Musk has 100% stake
Elon Musk bought a 9% stake in Twitter some time ago. Now Elon Musk has acquired 100% stake in Twitter Inc. He has bought the Twitter company at the rate of $ 54.20 per share. For the past few weeks, the Twitter company was considering Elon Musk’s offer on Elon’s offer. Now after getting the consent of the board, the company has now decided to sell Twitter.
The company’s board chairman announced
Bret Taylor, chairman of Twitter’s independent board, said: “The Twitter board has taken a serious view of Allen’s proposal on value, certainty and financing. After the agreement, all the shareholders of Twitter will get a good premium in cash, which will benefit the shareholders. We think this is a great opportunity for the shareholder of Twitter.
We are proud of our teams: Parag Agarwal
Twitter CEO Parag Agarwal said, “Twitter has a purpose and relevance that impacts the entire world. We are deeply proud of our teams and inspired by work that has never been more important.
‘Free speech is a fundamental right of democracy’
At the same time, the company’s new owner Elon Musk said, ‘Free speech has been a fundamental right of any democracy. Twitter is one such digital town, where various issues for the future of humanity are debated. Twitter has tremendous potential. I want to make it better than before by adding new features to it. I look forward to working with the company. I also thank the users for unlocking it.