TWITTER: Musk Purchase Is Official

It’s official — Elon Musk is buying Twitter.

After weeks of thrusts and parries from both sides, Twitters board of directors has accepted his offer of $44 billion. That translates to about $54 a share, a 38% premium on its trading price on April 1st , the day Musk disclosed his 9% ownership stake.

Musk, the world’s richest man and a self-proclaimed free-speech absolutist, says he hopes to bring a number of changes to the platform, including:

• Enhancing it with new features — many speculate there will be an Edit function.
• Making its algorithms open source.
• Trying to eliminate spam bots.
• Authenticating all human users, not just celebrities.

The deal is expected to close before the end of the year. (CNBC)