“I hope even my worst critics stay on Twitter”: Elon Musk takeover twitter reacts to the network

Follow Us @

Elon Musk takeover twitter, A whim at $44 billion. The decried businessman Elon Musk has finally succeeded in his bet: to buy the social network Twitter. The one who was already the boss of Tesla and Space X has since reacted publicly while there is no shortage of criticism against the businessman adept of polemics who likes to systematically answer “freedom of expression”…

While he launched ten days ago to be ready to buy Twitter, it is difficult to know if he was joking or if his ambitions were serious. We now have the answer: Monday, April 25, 2022, a press release came to confirm the purchase of the social network to the blue bird by the 50-year-old businessman.

Elon Musk is one of the richest in the world with an estimated personal fortune of $264 billion. (Elon Musk takeover twitter)

Elon Musk has reached a definitive agreement with Twitter’s board of directors to buy the social network, valued at $ 44 billion, despite the initial opposition displayed by the board.

But the South African businessman, naturalized American in 2002, had adopted a strategy to achieve his ends.

Elon Musk had indicated that he had secured $ 46.5 billion to carry out the operation thanks to his personal fortune and two bank loans from Morgan Stanley. He had also threatened to launch a hostile takeover bid through the shareholders directly.

“Once the financing was set up with the threat of a hostile takeover, the Board could no longer resort to a white knight or a second bidder. It put their backs to the wall and forced them to come to the table,” said Dan Ives of Wedbush Securities.

(Elon Musk takeover twitter) “I hope even my worst critics stay on Twitter”: Elon Musk reacts to his takeover of the network

Elon Musk will buy the social network at a price of $ 54.20 per share – 38% more than its value at the close of the New York Stock Exchange on April 1, 2022 – and make it a private company, not listed on the stock exchange.

He has already reacted to this deal: “Freedom of expression is the foundation of a functioning democracy, and Twitter is the digital public square where topics vital for the future of humanity are debated.

I hope that even my worst critics will stay on Twitter, that’s what freedom of expression means I want to make Twitter better than ever by improving it with new features, make algorithms open source to increase trust, defeat bots that spam, and authenticate all humans.“

With more than 83 million followers, Elon Musk uses his Twitter account almost every day to give news of his companies, joke or launch polemics. (Elon Musk takeover twitter)

The father of 7 children, and ex-companion of actress Amber Heard, even likes to play troll on Twitter. This takeover is already worrying politicians, journalists and NGOs.

Former US President Donald Trump, permanently suspended from Twitter in January 2021 for incitement to violence, has warned that he does not intend to return to the network even if the businessman allows it.

As for his successor Joe Biden, the president of the United States said he was “worried about the power of the big social networks on our daily lives“, regardless of the boss.

Elon Musk takeover twitter

CONTINUE WITH US ON OUR SOCIAL MEDIA

JOIN US ON FACEBOOK: @ AFRILATEST.COM

JOIN US ON WHATSAPP: @ AFRILATEST.COM GROUP

JOIN US ON TELEGRAM : @ AFRILATEST.COM

JOIN US ON TWITTER : @ AFRILATEST

Thanks for chosen afrilatest, Feel free to be the first to leave us a comment down the comment box. Enjoy our reward system for all SUBSCRIBERS