(10-29-2022, 02:54 AM)Dismas Wrote: Dust has settled, for the most part:
https://wccftech.com/twitter-first-day-under-elon-musk-high-profile-departures-content-moderation-council-and-threats-from-advertisers-if-trump-is-onboarded/

(04-26-2022, 02:55 AM)Dismas Wrote: A few weeks ago Musk bought 9.2% of Twitter, but he's now purchasing it entirely. Hopefully this results in more freedom of speech.

Quote:Twitter announced in a news bulletin that it "has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company."

Twitter says the transaction "is expected to close in 2022" subject to stockholder and regulatory approval.

Original story: Tesla CEO and billionaire Elon Musk recently purchased 9.2% of Twitter stock, shortly after which there was a bit of a will-he won't-he dance with Twitter CEO Parag Agrawal. The same CEO who announced Musk was also being added to the company's board of directors, before u-turning after a week of odd tweets from Musk. After which Musk said, essentially, sod this for a game of toy soldiers: I'm buying the lot.

Musk offered $54.20 a share for Twitter, and said if it wasn't accepted "I would need to reconsider my position as a shareholder." Now Bloomberg is reporting that Twitter is in the final stretch of negotiations about a sale to Musk, per someone with knowledge of the matter. The two sides could apparently "reach an agreement as soon as Monday if negotiations go smoothly", according to this source.

Read More: https://www.pcgamer.com/elon-musk-could-close-twitter-deal-today/