The New York Times is reporting Elon Musk and Twitter Reach Deal for Sale. Twitter has agreed to be taken over at $54.20 a share, a 38 percent premium over the share price when it was revealed Mr. Musk has been buying up the company’s stock. Elon Musk had this to say:
“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,” Mr. Musk said in a statement announcing the deal. “Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.”
“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”
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