Elon Musk, the world’s richest man, has made a breakthrough in his effort to buy Twitter, a prominent social networking site.
According to Anaedoonline.ng, Twitter stated on Monday that the billionaire entrepreneur’s $44 billion deal had been approved.
Remember when the Twitter board of directors put in place a “poison pill” to thwart Musk’s plans to purchase the microblogging platform?
Twitter Takeover: Elon Musk Makes Huge $43 Billion Offer For Twitter
“Free expression is the backbone of a healthy democracy, and Twitter is the digital town square where things crucial to the future of mankind are debated,” Elon Musk said in a joint statement announcing his takeover.
Musk, the Tesla CEO, began his quest to take over Twitter earlier this month by acquiring a significant interest in the company.
Twitter board chair Bret Taylor said the body “conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing.
“The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”
🚀💫♥️ Yesss!!! ♥️💫🚀 pic.twitter.com/0T9HzUHuh6
— Elon Musk (@elonmusk) April 25, 2022
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