It's official: Elon Musk is buying Twitter. Once completed, the richest person in the world will own arguably the most influential social platform in the world:
firm unveiled the deal on Monday, with the company accepting a deal that values it at about $44 billion.
Once completed, the richest person in the world will own arguably the most influential social platform in the world, though from a business and user standpoint Twitter is significantly smaller than companies like Facebook or TikTok. “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” said the company’s independent board chair Bret Taylor, in a statement announcing the deal. “The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”
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