Americas

Home page

Americas

Twitter has agreed to sell itself to Elon Musk

25 April 2022 23:01 (UTC +04:00)

Twitter has agreed to sell itself to Elon Musk in a deal valued at around $44 billion, the company said Monday, APA reports citing CNN.

The deal caps off a whirlwind news cycle in which the Tesla and SpaceX CEO became one of Twitter's largest shareholders, was offered and turned down a seat on its board and offered to buy the company — all in less than a month.

The deal comes after Musk revealed last week he had lined up $46.5 billion in financing to acquire the company. Twitter's board met Sunday to evaluate Musk's offer.

Musk said on Twitter Monday that, "I hope that even my worst critics remain on Twitter, because that is what free speech means."