Categories: Economy

American media: Twitter is now officially owned by Elon Musk

American media: Twitter is now officially owned by Elon Musk

Elon Musk’s much-discussed takeover of Twitter isn’t over yet. The tech billionaire will pay $44 billion for the social network, the amount he offered in April, according to authoritative American media reports. Musk has already fired Twitter CEOs Parag Agrawal and Ned Segal.

At the beginning of this month it was announced that, contrary to expectations, Musk still wanted to take over the platform for the agreed sum. Less than two weeks later, court proceedings over the closed deal were to begin. The billionaire unilaterally canceled this last summer. In his view, Twitter has not been honest about the number of fake and spam accounts.

Once a takeover has been agreed, the time afterwards is usually not that exciting. Because Musk first said yes, then no, and then wanted Twitter anyway, it was exciting to see if he wouldn’t come up with an unexpected twist until the very end.

Joke with sink

However, earlier this week it was revealed that he had promised the bankers who are helping finance his acquisition that the deal would close this week. An important administrative act was also initiated: the request and transfer of 13 billion dollars, which he received from the banks. This marked the final phase.

In addition, Elon Musk himself paid a visit to the Twitter headquarters on Wednesday. Funnily enough, he had a sink in his hands so he could jokingly “let that sink”.

Elon Musk owns automaker Tesla and aerospace company SpaceX, among others. Forbes magazine considers him the richest man in the world with a net worth of around $300 billion.


      Source: NOS

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