Elon Musk buys Twitter for $44bn
Twitter says it has reached an agreement to sell the company to Elon Musk for around $44bn
The deal was announced by the social media platform on Monday after days of negotiations between the world’s richest person and the Twitter board.
Mr Musk will pay $54.20 cash per share for the San Francisco-based company, which will now be taken private after days of intense negotiations between the entrepreneur and the platform’s board.
“Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important,”said Parag Agrawal, Twitter’s CEO.
The board announced it had reached a deal with Mr Musk on Monday, and that it represented a 38 per cent premium from Twitter’s closing price on 1 April, the day before the world’s richest person made his move for the company by announcing his nine per cent stake.
Mr will likely make some significant changes to the social media platform, having made several hints in recent months about what his intentions are. It comes after Musk’s friend Jack Dorsey stepped down as CEO and Parag Agrawal took over.
You can follow all the latest developments from Musk’s Twitter takeover bid in our live coverage below.
1650921719Trump says he won’t return to Twitter but calls Elon Musk ‘a good man’Donald Trump has said he will not return to Twitter following the news that Elon Musk has bought the platform the former president was banned from.
Mr Trump made the announcement that he would not rejoin twitter despite the Tesla boss’s $44bn purchase, and instead said he wold use his own platform TRUTH Social.
More on this story.
Graeme Massie25 April 2022 22:21
1650919392Elon Musk sends first tweet after buying TwitterElon Musk has sent his first tweet after reaching an agreement to buy Twitter for around $44bn.
The company’s new owner posted the phrase “Yes!!!” surrounded by red hearts, shooting stars and rocket ship emojis, above his statement on the deal.
Graeme Massie25 April 2022 21:43
1650917186Elon Musk sends first tweet after buying TwitterElon Musk has sent his first tweet after reaching an agreement to buy Twitter for around $44bn.
The company’s new owner posted the phrase “Yes!!!” surrounded by red hearts, shooting stars and rocket ship emojis, above his statement on the deal.
Graeme Massie25 April 2022 21:06
1650915807White house says Biden ‘has long been concerned about the power of large social media platforms’White House press secretary Jen Psaki told her Monday press briefing that she was “not going to comment on a specific transition” but reiterated that the administration continues to believe that “no matter who owns or runs Twitter, the president has long been concerned about the power of large social media platforms” and stressed that “tech platforms must be held accountable for the harms they cause.”
She pointed to bipartisan interest in Congress for antitrust measures and reforming section 230 of the Communications Decency Act.
And she added: “Our concerns are not new. We’ve long talked about, and the president has long talked about, the powers of social media platforms … to spread misinformation, disinformation [and] the need for these platforms to be held accountable.”
Graeme Massie25 April 2022 20:43
1650914423Twitter announces company will be sold to Tesla titan Elon Musk for $44bnTwitter has announced that the social media company will be sold to Tesla titan Elon Musk for around $44bn.
Mr Musk will pay $54.20 cash per share for the San Francisco-based company, which will now be taken private after days of intense negotiations between the entrepreneur and the platform’s board.
More details below.
Graeme Massie25 April 2022 20:20
1650913859Elon Musk’s ten most notable tweets, from Covid-complaints to Bill Gates and Joe Biden-bashingTesla CEO and billionaire-personality Elon Musk has come one step closer to taking control of America’s most hotly debated social-media platform, Twitter, following his $46.bn (£36.6bn) bid for the San Fransisco-based firm.
Ahead of an expected announcement from Twitter of Musk’s takeover on Monday, The Independent has listed the billionaire’s most popular and controversial tweets from his 12 years and 10 months on the site, featuring Covid-19, the climate crisis and more.
Graeme Massie25 April 2022 20:10
1650913385Twitter announces company will be sold to Tesla titan Elon Musk for $44bnTwitter’s board announces that the company will be sold to Elon Musk for around $44bn.
Graeme Massie25 April 2022 20:03
1650912478What are Elon Musk’s politics?Elon Musk has claimed that he wants to stay “out of politics” but has made numerous criticisms of the US government.
The 50-year-old’s exact politics can be hard to pin down. He has donated often to both Democrats and Republicans while variously declaring himself a “moderate”, a “socialist”, and “socially liberal and fiscally conservative”.
According to data gathered by the non-profit lobbying watchdog Open Secrets, Elon Musk has given a total of $1.2m to politicians, parties, political action committees (PACs), and referendum campaigns since 2002.
That money went almost equally to Democrats, with $542,000, and Republicans, with $574,500, with another $85,000 going to two broadly left-wing referendum campaigns in California. The balance has fluctuated over the years: in 2006, 2013 and 2017 he donated overwhelmingly to Republicans, while in 2015 he gave exclusively to Democrats.
(The Independent)
Graeme Massie25 April 2022 19:47
1650910540Devin Nunes says Trump won’t go back to Twitter if Musk buys it claiming his much mocked Truth Social has better engagementSupporters of former president Donald Trump who are cheering Elon Musk’s bid to buy Twitter as a sign that the ex-president’s permanent ban from the platform may be lifted under new ownership will be disappointed to hear that he has no plans to return to the social network that helped fuel his unprecedented rise to the presidency.
Andrew Feinberg has the story.
Graeme Massie25 April 2022 19:15
1650908579How much will Jack Dorsey make from selling Twitter to Elon Musk?Throughout Twitter’s often controversial existence, former CEO Jack Dorsey has been the face and essential identity of the company.
Mr Dorsey, who came to the tech world after twice dropping out of university and becoming a certified masseuse, founded the social media platform in 2006 with Noah Glass, Biz Stone and Evan Williams.
More details below.
Graeme Massie25 April 2022 18:42
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