Twitter’s board of directors agreed to the proposal to take over $ 44 billion (34.5 billion pounds) from billionaire Elon Musk.
The billionaire, who made the shocking offer less than two weeks ago, said Twitter had “huge potential” that it would unleash.
This finalizes the process that started less than a month ago.
Elon Musk also called for a number of changes, from easing restrictions on content to removing fake accounts.
Elon Musk wanted to own Twitter
Twitter has tremendous potential. I will deploy it
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According to Forbes magazine, Elon Musk is the richest man in the world, with a net worth of $ 273.6 billion, largely due to his stake in his electric car maker, Tesla. He also runs the aerospace company SpaceX.
“Freedom of speech is at the heart of a functioning democracy, and Twitter is the digital city square where issues vital to the future of humanity are discussed, “Elon Musk said in a statement announcing the deal.
“I also want to make Twitter better than ever by improving the product with new features, making open source algorithms to increase trust, defeat spam bots and authenticate everyone,” he added.
Twitter has huge potential – I look forward to working with the company and the user community, to unlock it. “
