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Elon Musk reaches agreement to own Twitter private

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C Magazine, Worlds largest micro blogging platform Twitter on Monday agreed to sell out the platform to one of it recently stake holder and world richest man Elon Musk at a value of $44 billion.

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Tesla Ceo – Elon Musk

The sale of the social media has been a “think twice” issue ever since the billionare made offer to purchase the network as a private company.

On monday the Tech billionaire Elon Musk went on a meeting with the Twitter board to discuss on his bid to own the platform private following the pressure he has been putting on them, few ours later Musk took his twitter account having over 80m followers and said.

“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 said in a joint statement announcing the takeover.

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Elon Musk having purchased a 9% stake of the network earlier this month later made an offer to own the platform private on bid of 5.68 per share costing a whooping $46.5 billion.

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The platform board chair person Taylor Bret states they had conducted a thoughtful and comprehensive strategy to assessment Musk’s proposal with some deliberate concern on the value certainty and finance.

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“The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”

The much pressure from Musk campaign to own Twitter private has risen the concern that perhaps his unpredictable statements and posts maybe contradictory to his goal of owning the platform.

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