(ReclaimingAmerica.net) – BREAKING NOW: Just moments ago, Twitter announced it has surrendered and is accepting the buyout offer from Elon Musk that will allow Musk to take control of the company if approved by federal regulators.
Musk has said that he intends to take the company private and return it to being a free speech social media platform instead of one that he views as too involved in censoring and banning individuals with whom Twitter disagrees.
As framed by CNBC:
“Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company confirmed.
“The announcement ends a weeks-long saga Musk kicked off when he disclosed a large stake in the company. Soon after, the company said he would join the board, only for Musk to reverse course on that plan several days later. Then, he offered to buy the company at $54.20 per share, his “best and final.” That offer valued Twitter at about $43 billion.
“Assuming the deal closes and Musk takes ownership of Twitter, the company will be controlled by the world’s richest person and someone who’s been a heavy critic of the platform while using it in legally contentious ways, mostly through sensitive posts about his car manufacturer, Tesla.”
This is a breaking news report from Reclaiming America.
BREAKING – Twitter has been sold to Elon Musk and will go private after agreeing to a deal worth $44 billion. pic.twitter.com/vEkGwXTDmt
— Disclose.tv (@disclosetv) April 25, 2022
