Elon Musk Owns Twitter

The board of social media giant Twitter is reported to have met with Elon Musk over the weekend to discuss his $43bn offer.

This is despite the fact that Twitter had initially rebuffed the billionaire’s approach.

The Twitter board now appears to have U-turned after Elon Musk revealed he had lined up a $46.5bn financing package for his offer – with funding from a mixture of his own assets and the backing of Wall Street banking giant Morgan Stanley and other firms.

Twitter Inc. on Monday (April 25, 2022) accepted Elon Musk’s bid to take over the company, which would give the world’s richest man control over the social-media network where he is also among its most influential users.

As part of the deal, Elon Musk intends to take Twitter private.

In a news release announcing the deal, Elon Musk tweeted;

“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.” 

🚀💫♥️ Yesss!!! ♥️💫🚀 pic.twitter.com/0T9HzUHuh6

— Elon Musk (@elonmusk) April 25, 2022

If Elon Musk’s acquisition of Twitter goes through, it would mark one of the biggest acquisitions in tech history