The board of directors of the company has taken a final decision to end the speculation and sell the popular social media Twitter to US billionaire Elon Musk. They decided to sell the company to Musk for 4.4 billion. The decision was made at a meeting on Monday, CNN reported.
According to the report, Elon Musk, one of the world's richest men, recently bought 9.2 percent of Twitter shares. Ever since then, there have been rumors that he will buy the whole of Twitter. This time the speculation came to an end.
Earlier, 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.
Meanwhile, the company's share price has already risen 4 percent to 50.62 on the news of Twitter sales. However, Elon Musk wanted to pay 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, saying that he wanted to open the door to the immense potential that exists on social media.
However, Elon Musk is planning to buy Twitter completely himself. Tesla has nothing to do with it. Musk is buying Twitter from his personal money.
Elon Musk has been saying that Twitter needs to be a privately owned company for further development and to be a real platform for freedom of speech.
It is believed that buying a mask from Twitter could bring about a radical change in this platform.