Elon Musk’s efforts, which have been going on for a month, yielded results today. With the official statement, it was shared that Twitter accepted Musk’s offer.
One of the biggest agenda items of April, we know with two giant companies such as SpaceX and Tesla. Elon Musk’s It was before he bought a huge share of Twitter and then he set his eyes on the entire platform.
After the successive news in the last days, the expected statement came this evening. After the talks between Twitter and Elon Musk, the platform announced that Elon Musk was $ 54.20 per share and in total. $44 billion announced that his huge offer had been accepted.
All control of Twitter will now be in Musk’s hands
After the announcement of the decision, the first statement came from both the Twitter front and Musk. Musk said in a statement, “Freedom of expression is the cornerstone of a functioning democracy, and Twitter is the digital town square where issues vital to humanity’s future are discussed.” he gave the statements and ”Also, the product by developing new featuresI want to make Twitter better than ever by open source algorithms to increase trust, defeat spam bots and authenticate all people. Twitter has tremendous potential, I look forward to working with the company.‘ he said.
Twitter CEO Parag Agrawal said:Twitter has a purpose that affects the whole world. We are proud of our teams and inspired by their work, which has become more important than ever” he said.
The deal is expected to be completed in 2022.
Although the proposal was accepted after the negotiations between Twitter and Elon Musk, there are some steps to be followed to complete the agreement. The unanimous vote of the Twitter Board of Directors The agreement he accepted with Twitter requires approval from Twitter shareholders, obtaining valid regulatory approvals and completing some legal processes. Incoming information is that all these steps will be completed in 2022.