Elon Musk buys Twitter for $44 billion

The parties announced it officially after four weeks of scandalous negotiations.

After the deal is completed, Twitter will become a private company.🤔

Shareholders will receive $54.20 in cash for each common share of Twitter.

The deal was unanimously approved by Twitter's board of directors. It is expected to close as early as this year after regulatory approvals are received.

☝🏻The richest man on the planet commented on his purchase:

"I want to make Twitter better than ever by adding new features to the product, making algorithms open to increase trust, defeating spam bots and authenticating all people. Twitter has enormous potential - I look forward to working with the company and the user community to unlock it."