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.

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.”

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.

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

Comments

Kaley Cuoco Spanked by Husband Karl Cook While Doing Koala Challenge

The couple that plays together, stays together! Kaley Cuoco and husband Karl Cook took their playfulness to the next level while attempting to do the latest viral craze, the koala challenge. Kaley Cuoco and Karl Cook: A Timeline of Their Relationship The Big Bang Theory alum, 34, shared two videos of herself and her hubby, 29, trying the challenge, which involves someone moving around another person without falling or touching the ground, on Saturday, April 18. In the first video, Cuoco is on Cook’s back as she says, “Don’t drop me on my head!” “You have to participate, OK? You ready?” the equestrian responds. The 8 Simple Rules alum swings in front of Cook as she bursts out laughing. “This is scary!” she screams between laughs. Cook then puts Cuoco over his shoulder and spanks her several times as the couple struggles to perform the challenge. How Celebrity Couples Are Self-Quarantining “First (of many) MEGA FAIL’s at #thekoalachallenge with my very patient ...

Pink Helps Husband Carey Hart Recover After Spinal Surgery

Carey Hart and Pink. Rob Latour/Shutterstock Hello nurse! Carey Hart is recovering from spinal surgery with lots of help from his wife, Pink — and he couldn’t be more thankful. Pink and Carey Hart's Relationship Timeline Read article The motocross star , 46, underwent lower spine disc replacement surgery on Thursday, September 23, and let fans know that the procedure was a “success” hours after he got out of the operating room. “One down and one to go,” he wrote on Instagram , adding that he was “up and out of bed and walking, just a few hours post-surgery.” By the next morning, he was already heading home. While still in the hospital on Friday, September 24, he posted a video of himself in his post-op gown taking a stroll around the building. “Been up five times since this,” he bragged. “Can’t wait to come back stronger than ever, and kick ass on my dirt bike in 2022.” While he thanked the staff at DISC Sports & Spine Center in Newport Beach, California, he gave the...

Celebrity Engagements of 2020

New bling! Love was in the air in 2020. Wilmer Valderrama , Peter Facinelli and more celebrities announced their plans to walk down the aisle this year. Scroll through to see who put a ring on it in 2020 and check back during the year! Jordan Kimball and Christina Creedon Us Weekly exclusively revealed that the Bachelorette alum proposed to his girlfriend on Christmas Eve, right before mass with Creedon's family in Texas. Kimball, who appeared on Becca Kufrin 's season of The Bachelorette and was briefly engaged to his Bachelor in Paradise costar Jenna Cooper , met his future wife at LAX when he helped her with her luggage. He went public with their romance in November 2019. Bailey Hart/BaileyHartCreative Marquel Martin and Kari Kaisner Bachelor Nation's Marquel Martin proposed to his longtime love in Las Vegas on December 19. Martin, who appeared on Andi Dorfman 's season of The Bachelorette in 2014 and Bachelor in Paradise later that year, shared a ...

Health And Insuranc

Search This Blog