Billionaire entrepreneur, Elon Musk agreed to buy Twitter Inc for $44 billion, using one of the biggest leveraged buyout deals in history to take private a 16-year old social networking platform that has become a hub for public discourse and a flashpoint in the debate over online free speech.
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The Twitter board voted unanimously to approve the sale which would take the company from being a publicly-traded company to a privately held platform.
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Musk himself tweeted he wants to make the platform better than ever by enhancing the product with new features. In previous interviews, Musk talked about the important role he believes Twitter plays.
Twitter released a statement confirming the $44 billion deal, saying that after the sale, Twitter will go from being a publicly-traded company to being a privately held platform.
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