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Comprehensive reports, on the 25th local time, the world's richest Tesla CEO Elon Musk reached a final agreement with the Twitter board of directors to acquire it at a price of $54.2 per share, with a transaction value of about $44 billion.
Reuters reported that the Twitter deal has been approved by the board of directors and is still subject to shareholder voting. Analysts say no regulatory hurdles are expected.
After reaching an agreement with Twitter, Musk said, "Twitter is a digital speech plaza, and things that are important to the future of humanity can be discussed here." ”
The White House declined to comment on Musk's acquisition of Twitter, but said President Joe Biden has always been very concerned about the power of social media platforms.
Infographic: Musk.
Musk's "Love-Hate Feud" with Twitter
Earlier this month, Twitter announced that Musk would become a member of Twitter's board. In response, Musk said that he looks forward to working with Twitter CEO Parag Agravar and Twitter's board of directors to make significant improvements to Twitter in the coming months.
But on the evening of the 10th, Twitter CEO Agravar announced that Musk would no longer join the board.
Musk then launched an acquisition with Twitter, offering to buy 100 percent of its shares and take it private. Musk has reported in a regulatory filing that he has held about 9 percent of Twitter' stake, becoming its largest shareholder.
Infographic: Musk Twitter account.
After being acquired by Musk,
How could Twitter change in the future?
The Wall Street Journal has said that Musk suggested adding a Tweet editing function to correct errors in tweets that have been sent. Earlier this month, he surveyed Twitter users about whether he wanted to add a tweet editing feature, with more than 4 million users voting, with more than 70 percent of respondents saying they wanted to add the feature.
Musk also suggested making Twitter's algorithm open source, meaning that others outside of Twitter will be able to view the source code and suggest fixes and changes.
Hitting the proliferation of "robots" on Twitter could be another change Musk likes. This "bot" refers to a fake account that is programmed to respond to tweets on a specific topic. According to NPR, although Musk did not explicitly say that he was willing to crack down on such "bots," he suggested that fraudulent "bots" that promote cryptocurrency transactions should be cracked down.
Musk also said last week, "If our Twitter bid is successful, we will beat the 'spam bots.'" He wants to "validate all real humans." ”
Infographic: Former U.S. President Trump.
Trump ruled out a return to Twitter
Earlier, Republican lawmakers in the United States welcomed Musk's proposal to buy Twitter, demanding that if the acquisition was successful, he should reopen the Twitter account that former President Trump had blocked. However, Fox News reported that although Musk bought Twitter, Trump will not return to Twitter.
Trump said on April 25 that he would officially join his own social media platform, TRUTH Social, in the next seven days as planned. Trump said, "I hope Elon acquires Twitter because he will make improvements to it, he is a good guy, but I will continue to stay at TRUTH." Trump's Twitter account was blocked in January 2021.
Source: China News Network