Elon Musk Buys Twitter for $44B and Will Privatize Company

Elon Musk reached an agreement to buy Twitter for roughly $44 billion, promising a more lenient touch to policing content.

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FILE - Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020. Musk says he has lined up $46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company. The Tesla CEO says in documents filed Thursday, April 21, 2022 with U.S. securities regulators that he’s exploring a tender offer to buy all of the social media platform’s common stock for $54.20 per share in cash. (Hannibal Hanschke/Pool Photo via AP, File)
Image via AP Photo/Hannibal Hanschke

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on social and economic issues to more than 83 million followers. The outspoken Tesla CEO, who is also the world’s wealthiest person, has said he wanted to buy and privatize Twitter because he thinks it’s not living up to its potential…

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