US billionaire Elon Musk strikes a deal to buy the social media platform, ending its run as a public company.
Elon Musk has clinched a deal to buy Twitter for $US44 billion , in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person.Twitter shares rose about 6 per cent following the announcementDiscussions over the deal — which last week appeared uncertain — accelerated over the weekend after Mr Musk wooed Twitter shareholders with financial details of his offer.
The outspoken Tesla chief executive has said he wanted to buy Twitter because it was not living up to its potential as a platform for "free speech". "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans."
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