Elon Musk’s $44 Billion Purchase Approved by Twitter Board

Written by on June 22, 2022

The board of directors of microblogging platform, Twitter, on Tuesday  approved the completion of the platform’s takeover by Tesla and SpaceX Founder, Elon Musk. The South-African-born billionaire had in April offered $44billion to the board to complete the deal.

The board conveyed its decision to the shareholders of the  site through a document filed with the United States Securities and Exchange Commission (SEC).

Board members informed shareholders to accept the deal as investors’ decision is one of the factors delaying the completion of the deal.

Musk said he wanted to get 80 percent of the North American population and half the world’s population onto Twitter.

“That means it must be something that is appealing to people. It obviously can’t be a place where they feel uncomfortable or harassed or they will simply not use it.”


“I think there is this big difference between freedom of speech and freedom of reach,” Musk added.

“You are allowed to yell whatever you want in a public space, more or less. But whatever you say doesn’t need to then be broadcast to the whole country.

“So I think generally the approach of Twitter should be to let people say what they want. But within the balance of the law but then limit who see that based on any given Twitter user.”

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