By Andrew Kersley
The world’s richest man Elon Musk has reached a $44bn deal to buy Twitter and take the company private in a move that will give the tech billionaire control of a social network with more than 200 million users.
In a statement posted to Twitter, Musk said: “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 added: “Twitter has tremendous potential – I look forward to working with the company and users to unlock it.”
The Tesla and Space X chief executive has frequently criticised Twitter for not fulfilling its role as a platform for “free speech”.
In a meeting with staff after the deal was agreed Twitter chief executive Parag Agrawal said: “Once the deal closes, we don’t know which direction the platform will go.”
Source: The Guardian
Deal size: $44bn
Country: US
Status: Announced
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