Musk agreed to buy Twitter (TWTR.N) for $44 billion in cash on Monday, transferring control of the social media site populated by millions of users and global leaders to the world’s richest person.
The 16-year-old company that became one of the world’s most influential public squares now faces a series of challenges.
Last week, discussions over the deal appeared uncertain, but they accelerated over the weekend after Musk wooed Twitter shareholders with details of his financing plan.
Twitter’s shares were up about 6% following the news.
- England vs Spain Turned on a Kane Penalty That Hit the Bar
- Thailand’s Visa-Free Stay Is Now 30 Days, Down From 60
- Ineos Hull Pause Takes Out Europe’s Last Acetyls Plants
- Kimi Antonelli Leaves Madrid 81 Points Clear With Nine Races Left
- Brazil’s Central Bank Sold $1 Billion and Bought It Back
“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 statement.
In a tweet today, Elon Musk defended freedom of expression for everyone.
