NewsTechnology

Elon Musk Locks deal to acquire Twitter for $44 billion

San Francisco: Tesla CEO Elon Musk is all set to acquire Social Networking Company Twitter. In one of the most anticipated business deals ever, SpaceX CEO Elon Musk clinched a deal to buy Twitter Inc for a whomping amount of $44 billion cash on Monday. This deal will hand over the total control over the social media platform Twitter Inc., to one of the most influential business persons in the world Elon Musk.

Elon Musk Locks deal to acquire Twitter for $44 billion
Elon Musk Locks deal to acquire Twitter for $44 billion

Tesla’s CEO recently expressed his willingness to buy Twitter as he felt that the social media platform is living up to the potential of “Free speech” and has to make it a private entity to build trust among users.  Initially twitter board gave an impression as if they are against handing over the company to Elon Musk but when the Tesla CEO offered around 46.5$ billion the Twitter board started negotiations and now the deal has been finalized at $44 billion.

After the deal is closed Twitter Inc will act as a privately held company and recently during a TED interview, Elon Musk revealed that he wants Twitter to allow free speech instead of moderating it. Elon Musk also said he’d be “very reluctant” to delete tweets and should be very cautious about permanent bans. Elon Musk also suggested following national laws. Recently, Twitter has faced backlash in India for not abiding by the national laws.

It is interesting to see how Elon musk handles different situations like Bullying, Trolls & criticism as he always blocks the users who do it against his companies.

Related Posts

1 of 74