BREAKING: Twitter has agreed to sell itself to billionaire Tesla CEO Elon Musk in a deal worth approximately $44 billion. FOX13
The outspoken Tesla CEO, the world’s wealthiest person, has said he wants to buy Twitter because he thinks it’s not living up to its potential as a platform for "free speech." He says it needs to be transformed as a private company in order to build trust with users and do better at serving what he calls the "societal imperative" of free speech."Twitter has a purpose and relevance that impacts the entire world," its CEO Parag Agrawal.
Twitter’s board at first enacted an anti-takeover measure known as a poison pill that could have made a takeover attempt prohibitively expensive. But when Musk outlined the financial commitments he’d lined up to back his offer of $46.5 billion — and no other bidders emerged — the board opened negotiations with him.
"What’s critical for the board is whether they think it’s in the best interest of the company," Kaiser said. "That can come from many, many factors." It won’t be perfect, Musk added, "but I think we want it to really have the perception and reality that speech is as free as reasonably possible."Here's a look back at some of the notable business ventures by Elon Musk, who has quickly risen in the ranks of the wealthiest men in the world.
The Times, citing people with knowledge of the situation who it did not identify, said the two sides were discussing details including a timeline and fees if an agreement was signed and then fell apart. The people said the situation was fluid and fast-moving.
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