Skip to main content

Done Deal! Elon Musk to Buy Twitter for $44 Billion, Teases New Features

Twitter Takeover Elon Musk Reaches Deal Buy Social Media Platform
Elon Musk, Tesla CEO, attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany on March 22, 2022. Patrick Pleul/AP/Shutterstock

Taking over. Elon Musk reached a deal to buy Twitter for about $44 billion on Monday, April 25.

X AE A-XII's Album: Grimes and Elon Musk's Sweetest Pics With Their Baby Boy

Read article

The public company will be purchased for $54.20 per share in cash, and the company will then be privately held by the Tesla CEO, who is the world’s richest man at age 50.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a press release announcing his purchase on Monday.

He went on to note that he intends to make some big changes. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans,” he explained. “Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

Elon Musk's Family Guide: Meet His Children and Their Mothers

Read article

Bret Taylor, Twitter’s Independent Board Chair, added in a statement, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”

Musk bought nine percent of Twitter shares earlier this month and was offered a spot on the board of directors after becoming the company’s largest stakeholder. The SpaceX CEO initially accepted the spot, which was contingent on a background check, on the 11-person board on April 5. However, four days later, he turned down the spot on April 9. No reason was given for his rejection.

Kim Kardashian, Elon Musk and More Twitter Accounts Hacked

Read article

The position, which was to have had a term ending in 2024, would have required Musk to agree not to own more than 14.9 percent of Twitter’s stock or take over the company, according to a Securities and Exchange Commission filing, The New York Times reports.



from Celebrity News – Us Weekly https://ift.tt/c8XeRQ5
Labels:

Comments

Post a Comment

Popular posts from this blog

Dynamic Duo! Chris Stapleton and Wife Morgane's Relationship Timeline

Sweet as strawberry wine. Chris Stapleton and Morgane Stapleton have a love story that keeps country music fans swooning. The pair tied the knot in October 2007, four years after meeting as songwriters in Nashville. While celebrating their 14th anniversary in October 2021, Morgane noted how much her life had changed since Chris became part of it. “14 years today. I don’t remember much about life before you. Thank you for loving me. Thank you for hearing me. Thank you for teaching me. Thank you for respecting me,” she gushed via Instagram alongside a romantic black-and-white photo. “Thank you for giving me everything I cherish in this life. I love you more than I’ll ever be able to put into words, but I’ll spend the rest of my time here on earth trying. Happy anniversary my love!” The musicians share five children — a daughter and four sons — whose names have all been kept private. While they make a perfect parenting team, Chris and Morgane also hit all the right notes together ...
Post a Comment
Read more

Buzzzz-o-Meter: Kourtney Kardashian's Fave Scent and More Celeb Must-Haves

Smell like a Kardashian — and throw your friends for a loop like Donald Glover . Kourtney Kardashian  doesn’t have to go to Willy Wonka’s Chocolate Factory to find her Golden Ticket when fragrance brand Snif offers her favorite scent by the same name. “Have your tea and wear it too,” the company says of the fragrance, which features notes of “bergamot, black tea, green tea, golden maté, sage, galbanum (green, woody), incense, amber [and] vetiver,” according to their official website . Snif — which encourages shoppers to “trust your own damn nose” — promises buyers “accessible luxury” to their products, which also includes candles. The Kardashians star’s go-to Golden Ticket retails for $65, so you can channel the Poosh founder, 44, without breaking the bank. If your style is less subtle and more bold , look no further than Glover’s must-have MSCHF BWD sneakers , which are designed to appear as if they’re being worn backward. The footwear went viral after the Atlanta alum, 39,...
Post a Comment
Read more

Red Carpet Date! Sophia Bush and Grant Hughes Attend WHCA Dinner

Finding The One! Sophia Bush has kept her romance with Grant Hughes relatively private since the pair were first spotted together in Malibu in May 2020. However, the FocusMotion Health founder has shared a few photos of the couple. Ever since landing the role of Brooke Davis on One Tree Hill in 2003, Bush’s personal life has made headlines. That is something that the actress and activist has intentionally changed, she explained in June 2021. “It’s hard to have nothing that’s yours. And when you are a person who lives in the public eye, everybody wants to pick over everything and that can be really tricky,” the False Positive actress told Entertainment Tonight at the time. “I also grew up in the early aughts when girls were raked over the coals for any choices that they made. And I just was like, ‘I don’t think I like this.’ I didn’t like having my private life lied about. There were times where someone would send through an article and be like, ‘Well, supposedly you’re dating t...
Post a Comment
Read more