Done Deal: Elon Musk Buys Twitter

Elon Musk's potential purchase of Twitter has been a big story in the news cycle for over a week. Twitter's board of directors unanimously agreed to Musk's offer to purchase the social media platform at a price of $44 billion, the company announced Monday.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk tweeted. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.”

Twitter shareholders are set to receive $54.20 in cash for each share of Twitter common stock, which is a 38% increase over the actual stock price.

“The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” said Twitter board chair Bret Taylor in a statement. “The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.” Bret Taylor, the Twitter board chair, stated Monday.

On April 9th it was announced that Musk is the majority shareholder of Twitter. Musk briefly agreed to join the board and there was also a "poison pill" implemented to keep him from buying.

But in the end, Elon Musk gets what Elon Musk wants.

Musk has made it clear that free speech is what he wants on Twitter, no matter the views of each person.

Many are anxious to see whether or not Musk will reinstate former President Donald Trump's Twitter account: