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Breaking: Elon Musk Closes Deal, Now Officially In Charge Of Twitter
Elon Musk, the world’s richest man, has closed the deal on the acquisition of Twitter, the micro-blogging social media website and is now officially in charge.
The world’s richest man paid a whooping sum of $44bn to acquire Twitter.
GWG.NG quotes the BBC as reporting that a hastily organised meeting had been arranged at an Airbnb to host the world’s richest person that triggered the acquisition.
The meeting was a big one for Twitter. Elon Musk had recently become Twitter’s largest shareholder. Now there was talk that he wanted to join the company’s board.
When Twitter’s chairman, Bret Taylor, arrived at the venue it was not quite what he was expecting.
This “wins for the weirdest place I’ve had a meeting recently”, he reportedly texted Mr Musk.
“I think they were looking for an Airbnb near the airport and there are tractors and donkeys,” he told him.
However, the meeting went swimmingly.
A few days later it was announced that Mr Musk was to join Twitter’s board.
That was only the beginning. The next six months would witness one of the most crazy, on-off deals in Silicon Valley’s history.
At the beginning of April, Mr Musk seemed happy with his board position at Twitter, tweeting regularly about how the company might change.
However, private meetings between him and Twitter’s CEO Parag Agrawal had not gone well. The two did not see eye to eye on how to fix the platform. Mr Musk got frustrated.
“Fixing Twitter by chatting with Parag won’t work,” he is said to have texted Mr Taylor. “Drastic action is needed.”
On 14 April, the billionaire publicly stated that he wanted to buy Twitter – lock, stock and barrel.
He offered $44bn (£38bn) for Twitter in a take it or leave it offer. Twitter’s board initially rejected the offer, even creating a “poison pill” provision to try to prevent Mr Musk from forcibly buying the company.
Then another change of heart (not the first in this story). Twitter’s board decided that, on reflection, they would take the deal and on 25 April, Twitter announced they had accepted the offer.
“Yesssss” Mr Musk tweeted.
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