{"id":58499,"date":"2022-04-25T15:02:28","date_gmt":"2022-04-25T19:02:28","guid":{"rendered":"http:\/\/pappp.net\/?guid=cddec1a0689f633ce5fc9e0c2105a25c"},"modified":"2022-04-25T15:02:28","modified_gmt":"2022-04-25T19:02:28","slug":"twitter-announces-deal-to-sell-company-to-elon-musk-for-44-billion","status":"publish","type":"post","link":"https:\/\/pappp.net\/?p=58499","title":{"rendered":"Twitter announces deal to sell company to Elon Musk for $44 billion"},"content":{"rendered":"

Source: Ars Technica<\/a><\/p>\n

Article note: Can Twitter be regarded as irrelevant as it really is now, and everyone can move on to a platform less optimized to incentivize bad behavior? \nAlmost everyone with a financial stake cashing out in this deal, Musk can keep the pieces.\nOr, who knows, maybe he'll actually make good on making it into a functioning de-facto public commons.<\/div>
\n
\"Elon

Enlarge<\/a> \/<\/span> Elon Musk at a press conference at SpaceX's Starbase facility in Texas on February 10, 2022. (credit: Getty Images | Jim Watson)<\/p> <\/figure>

<\/a><\/div>\n

Twitter's board of directors has agreed to sell the company to Elon Musk for $44 billion, the company announced<\/a> today.<\/p>\n

\"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,\" Musk said in the purchase announcement<\/a>.<\/p>\n

The deal, which is pending shareholder approval and expected to close later this year, comes just 10 days after the Twitter board approved a poison pill to prevent a hostile takeover in response to Musk's attempt to buy the company. Board members started taking Musk's offer more seriously after he lined up<\/a> $46.5 billion in financing. The sale agreement was announced hours after reports<\/a> that a deal between Twitter and Musk was close.<\/p><\/div>

Read 4 remaining paragraphs<\/a> | Comments<\/a><\/p>

\n<\/a> <\/a> <\/a> <\/a>\n<\/div>","protected":false},"excerpt":{"rendered":"

Enlarge \/ Elon Musk at a press conference at SpaceX’s Starbase facility in Texas on Febru…<\/p>\n

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