After weeks of speculation and resistance on the part of the Twitter board of directors, Twitter has agreed to sell the company to Tesla CEO Elon Musk.
It was just confirmed that Twitter agreed to sell itself for $54.20 per share ($44 billion).
Before the Twitter buy was confirmed, Musk tweeted that he hopes “even my worst critics remain on Twitter, because that is what free speech means.”
The Musk-Twitter saga began late last month, with Musk tweeting out that Twitter was the de facto public square and indicated that it needed to become a free speech platform or be replaced to defend democracy.
“Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?” Musk tweeted on March 26.
“Is a new platform needed?
He then purchased a 9.2 per cent stake in the company and rejected a Twitter board seat offer, which many speculated meant that he intended to purchase more Twitter stock, if not buy the company outright. … read more