The company’s board of directors has made the final decision to sell popular social media Twitter. They decided to sell the company to US billionaire Elon Musk for 4.4 billion. The decision came from a meeting on Monday, according to a BBC report.
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According to the BBC, Elon Musk, one of the richest people in the world, recently bought 9.2% of Twitter shares. Ever since then, there have been rumors that he will buy the whole of Twitter. This time the rumor came true.
Musk offered 4.3 billion to buy full ownership of Twitter. Mask had a meeting with Twitter’s board of directors about this. However, Twitter’s board had earlier rejected Musk’s offer.
Shares of the company have already risen 4 percent to দশ 50.82 on Twitter sales. However, Elon Musk wanted to pay দশ 54.20 per share.
The issue of buying Twitter started in early April. Musk first bought a 9.2 percent stake in Twitter. Ritimafik was then invited to join the board of directors, but he refused. Then, on April 14, Musk suddenly offered to buy the whole of Twitter. He said that he wants to unravel the immense potential of social media.
Musk said a few days ago that he believes Twitter should be more open and transparent. This should be an inclusive area of freedom of speech. He asked his eight and a half crore followers whether Twitter should have an edit button or an editing opportunity. In reply, 64% of the people said, ‘Yes, it should be kept.’
It is unknown at this time what he will do after leaving the post. According to the company’s website, he is the CEO of Tesla as well as ‘Technoking’. He is also the chief executive, chief technology officer and chairman of the rocket and spacecraft company SpaceX. Mask is also involved with several other businesses and startups.
