On April 26, according to foreign media reports, Tesla CEO Elon Musk reached a final agreement with Twitter's board of directors to acquire it for $54.2 per share, with a transaction value of about $44 billion (about 288.6 billion yuan).
Musk finally got his wish to privatize Twitter. The deal was unanimously approved by Twitter's board of directors, with Bret Taylor, chairman of Twitter's independent board, saying in a statement: "Twitter's board conducted a deliberate and comprehensive process to evaluate Elon's proposal, with a deliberate focus on value, certainty and financing. ”
Under the terms of the agreement, twitter shareholders will receive $54.20 in cash for each share of Twitter's common stock held by Twitter shareholders upon successful completion of the transaction. The huge deal will close in 2022.
Prior to this, the news about Musk to privatize the offer of Twitter has long been flying, when the attitude of Twitter's management is still relatively rejected, and even launched a "poison pill plan" to fight back, when the outside world speculated that Musk is not easy to take down Twitter, who knows that only in the past week, this matter has been finalized, it seems that it was still because of the divergence of the acquisition price.
Musk's acquisition plan, while not popular among Twitter's management, has been favored by Twitter's shareholders and founders. After the acquisition was finalized, Twitter founder Jack Dorsey sent 6 tweets in a row to express his expectations for Musk.
For example: "Musk's goal is to create a platform that is 'trusted and widely inclusive,' and rightly so." Also, "Musk was able to solve Twitter's problem as a company, and handing him over to him was the only solution I trusted to save, and I believe he could fulfill Twitter's mission of expanding the light of thought." ”
It will take some time to prove whether Musk's acquisition of Twitter is to defend free speech online, as he revealed to the outside world, or whether twitter is really intended to be used as a private propaganda platform.
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