The Indian Express
In one of the world’s biggest deals in the tech world, billionaire Elon Musk has taken control of Twitter.
The deal will see Musk acquire the social network for $44 billion with shares valued at $54.20. Musk had announced his takeover bid on April 14 calling it his ‘best and final offer’.
But his bid initially saw Twitter’s put in place a poison pill defense against the hostile takeover.
However, once Musk announced that he had secured funding, the board went into negotiation with the Tesla co-founder.
According to Wall Street Journal, on Friday, Musk met “privately with several shareholders of the company to extol the virtues of his proposal” and also made video calls to them to push for his case.
Earlier today, Musk had posted on his Twitter account, “I hope that even my worst critics remain on Twitter, because that is what free speech means.”
It should also be noted that on Saturday, Musk had posted a rather distasteful tweet about Microsoft co-founder Bill Gates, apparently in response to Gates shorting Tesla.
The tweet has more than a million likes. He had then joked that the ‘shadow ban council’ was likely reviewing his tweet.
He has been a steadfast proponent of ‘free speech’ on the platform. In the filing to the US SEC, Musk wrote, “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.”
He also wrote in the filing, “Twitter has extraordinary potential. I will unlock it.”