The rumors were true: Twitter has accepted Tesla CEO Elon Musk’s $44 billion offer to take over and privatize the entire company.
Twitter and Elon Strike the Deal
According to the Wall Street Journal, Twitter worked through the night hashing out the deal, which polarized many over the ethics of such a hostile takeover of a social media giant.
Initially, Twitter appeared to lean against the offer, with a major Saudi Arabian investor (and prince) rejecting Musk’s bid in mid-April. At the time, he claimed it did not match Twitter’s “intrinsic value” or “growth prospects”.
In response, Musk countered with a question about his company’s views on journalistic freedom of speech. This, after all, has been his primary motivation for acquiring Twitter, which he said could be the “platform for free speech around the globe” in his SEC filing two weeks ago.
“I hope even my worst critics remain on Twitter, because that is what free speech means,” he tweeted on Monday.
The Tes
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