Elon Musk Wants to Buy Twitter for $43 Billion - Read His Statement, Plus Twitter's Response

The method behind the mega-purchase. Elon Musk made headlines around the world when he bought Twitter — and now he’s explaining why he did it.

Manchester City star Riyad Mahrez has pleaded with Elon Musk to give him his verified blue tick back on Twitter.

One stylish mother! Elon Musk brought a very special lady to this year’s Met Gala — his mom, Maye Musk, and the pair seemed to have a great time at the star-studded celebration of fashion.

Elon Musk brought a very special lady to this year's Met Gala — his mom, Maye Musk, and the pair seemed to have a great time at the star-studded celebration of fashion.This year's Met Gala accompanies the second part of the Costume Institute's exhibition, «In America: An Anthology of Fashion,» with the controversial theme «Gilded Glamour and White Tie.» The concept is a homage to the United States' Gilded Age, an era of immense economic growth and major industrialization, as well as massive income inequality, political upheaval, and post-Civil War racism.Musk himself has been at the center of some controversy recently and has faced criticism for his $44 billion purchase of Twitter, with critics chastising him for not spending that money on philanthropic efforts.Speaking with ET's Rachel Smith on the carpet the the Metropolitan Museum of Art in New York City on Monday, Musk defended the acquisition, arguing, «I do a lot of things philanthropically.»«Really, my companies are intended to do good for the future of humanity,» he continued. «With Tesla trying to accelerate the advances in sustainable transport and energy and SpaceX is um providing internet to the lesser [served] people of the world.»«We are able to help Ukraine with the Starlink terminals and give connectivity, particularly in some of the hardest hit areas,» Musk added.

Twitter has accepted Elon Musk's $44 billion offer to purchase the social media site and take it private, CNBC reports. Talks between Musk and Twitter stalled for weeks before escalating quickly on Monday with the company agreeing to Musk's price of $54.20 per share just hours later.

his hostile takeover of the social media giant, while current CEO Parag Agrawal could earn $39 million from his golden parachute package.Dorsey, who stepped down as CEO late last year, holds just over 18 million shares in Twitter — which has been the bulk of his compensation while he took a $1.40 annual paycheck while serving as chief executive since the platform launched in 2006. With Musk’s buyout offer at $54.20 per share, Dorsey stands to walk away from his company with just under $1 billion, according to the company’s latest proxy filing.Other Twitter execs could see cash payouts if Musk brings in new management and terminates them.

Elon Musk in a deal that values the company at $44 billion, the board announced Monday afternoon.«The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders,» Bret Taylor, the company's independent board chair, said in a statement.Musk, the CEO of Tesla and SpaceX, reiterated his plans to remake Twitter as a forum dedicated to promoting free speech.«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,» he said in a statement.Musk also said he plans on «making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans» on the platform.It's the largest deal to take a company private in at least two decades, reported.The board voted unanimously in favor of the acquisition. The deal is expected to close this year, subject to the approval of Twitter's shareholders.The official acquisition caps off a drama worth of a soap opera between the famously mercurial Musk and one of the world's most prominent social networks.The billionaire disclosed earlier this month that he had become Twitter's largest shareholder, and soon after proposed to buy the company outright and take it private.

Billionaire Elon Musk is set to buy Twitter for approximately £34.5 billion after reaching an agreement with the company.

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

Todd Spangler NY Digital EditorElon Musk is poised to become the new owner of Twitter, after a fast flurry of negotiations left the company’s board with no choice but to accept the multibillionaire’s $44 billion takeover proposal.Under the terms of the deal, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Musk, who is CEO of Tesla and SpaceX, disclosed his approximately 9% stake in Twitter.Upon completion of the transaction, Twitter will become a privately held company.Musk said in a statemnet, “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,” said Mr.

Elon Musk is making a bid to buy social media giant Twitter. The billionaire owner of Tesla said he has lined up $46.5 billion in financing to buy the platform and negotiations between the two parties are understood to be underway.

Elon Musk is the richest man on the planet, and according to Forbes, he has an estimated fortune of $272.5 billion. With a fortune like that, many people would think the tech mogul owns multiple properties in the United States, castles in Europe, extravagant residences in Asia, or even a private island in the Caribbean. But, in actuality, Musk seems to live a very different life.

purchased a 9.2% stake in the company to become its biggest shareholder – offered to buy the rest of Twitter for $54.20 per share, or $43 billion in total. In a letter to Twitter chairman Bret Taylor, he expressed a desire to take the company private in order to “unlock” its “extraordinary potential.”“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote.

Elon Musk has confirmed his interest in becoming the outright owner of Twitter and says he has submitted a bid to purchase the social media company. Musk says he feels he can unlock the "extraordinary potential" of Twitter, which he bought a 9.2% stake in just 10 days ago. Musk, the world's richest man through his business interests in Tesla and SpaceX, used Twitter to share a link to a regulatory filing on Thursday, confirming that he had launched a takeover bid.