It is now final. Elon Musk has officially bought Twitter.
According to Reuters, Elon Musk has entered into a $ 44 billion acquisition of Twitter Inc. in a transaction that will transfer control of the social networking platform used by millions of users and world leaders to the richest man in the world.
The businessman has agreed to pay $ 54,20 per share and has stated that he intends to withdraw the company from the Stock Exchange in which he was listed in 2013.
This is a defining moment for the company, which completes 16 years as one of the most influential public debate venues in the world and now faces a number of challenges.
From uncertainty to μα mammoth deal
Discussions over the deal, which seemed uncertain last week, escalated over the weekend after Musk lured Twitter shareholders into the details of financing his offer.
Under pressure, Twitter began negotiations with Musk to buy the company, at a suggested price of $ 54,20 per share.
This agreement completes the course of Twitter as a public company, from the initial public offering of 2013.
"Freedom of speech is the foundation of a functioning democracy"
"Freedom of speech is the foundation of a functioning democracy, and Twitter is the city's digital square where issues of vital importance to the future of humanity are discussed," Musk said in a statement.
Earlier, in another post, in which he discounted the issue of Twitter, Elon Musk had written… on Twitter "I hope that even my biggest critics will remain on Twitter, because that means freedom of speech".
"Waiting for announcements"
In fact, as it became known, the trading of the share of the company "Twitter Inc" is suspended, pending announcements, as announced by the New York Stock Exchange.
Earlier, the company's share rose + 5,5%, reaching $ 51,60.