by Rumors have been confirmed.
Elon Musk really buys the social network Twitter, of which he has long been an active user. The deal is valued at $44 billion at $54.2 per share. All formalities can be settled by the end of this year.
Musk noted that he will make Twitter better, revealing its full potential:
Freedom of speech is the cornerstone of a functioning democracy, and Twitter is a digital plaza where topics vital to the future of humanity are discussed.
I want to make Twitter better than ever with new features by publishing algorithms in the free access to gain user trust, get rid of spambots, and verify the accounts of every living person.
Twitter CEO Parag Agrawal also welcomed the deal, noting that Twitter has a purpose and relevance that affects the whole world , and that today his work is more important than ever.
Elon Musk provided $ 21 billion from personal funds and $ 25.5 billion in loans secured by Tesla shares to buy the social network.
Twitter was blocked in Russia by Roskomnadzor in early March.
