Musk buys Twitter for $44 billion, one of the biggest tech deals ever

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When Elon Musk buys one of the world's biggest social media companies, it will be seen by many people.

Tesla In a very public move, billionaire and tech tycoon Elon Musk has bought the social media company Twitter. Musk is trying to unlock Twitter's great power.

Twitter shares fell today when the world heard that Elon Musk was rumored to be buying Twitter. So now, it has been confirmed that the rumors are true, and Elon Musk has bought Twitter for $44 billion. This is one of the biggest tech deals of all time.

BREAKING: Twitter stock trading has been halted in preparation for Elon Musk‘s acquisition deal.
— Watcher.Guru (@WatcherGuru) April 25, 2022

He will make Twitter private, Bloomberg Business has said, but they don't say how.

BREAKING: Elon Musk to buy Twitter for $54.20 a share, totaling approximately $44 billion https://t.co/G6VGUpurm7 pic.twitter.com/1OADeWbz01
— Bloomberg (@business) April 25, 2022

A share of the company will be worth $54.20. In a deal that seemed too good to be true, it might be going through.

On April 14, just over a week ago, one of the world's richest men, Elon Musk, made an offer to buy Twitter outright for 54.20 USD per share. Tesla CEO Elon Musk says that when he made his offer, the price of 54.20 per share in cash was "54 percent above the day before he began investing in Twitter."

Musk, who already owned 9.2% of Twitter, had shown that he had faith and interest in the company. Also, it was said that Musk was already in talks with people about taking over the company.

The fight for free speech

Musk thinks that the company won't be able to do well in its current form, so it should become a private company.

Musk told the Chairman of the Twitter board that he believes in free speech and that Twitter needs to become a private company so that people can speak freely

When Musk asked even his critics to stay on Twitter because this was the power of free speech, he did it in a plea.

I hope that even my worst critics remain on Twitter, because that is what free speech means
— Elon Musk (@elonmusk) April 25, 2022

It was part of Musk's bigger plan for the platform when he said last week that he would work to get rid of the spam bots that have been plaguing profiles all over the site.

If our twitter bid succeeds, we will defeat the spam bots or die trying!
— Elon Musk (@elonmusk) April 21, 2022

Dogecoin, the famous meme coin that is linked to Tesla CEO Elon Musk, has jumped 18.41% in the last 24 hours, USAGAG data shows. Dogecoin is already being used to buy things on Tesla's site.

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