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Elon Musk
FILE PHOTO: Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. REUTERS/Patrick T. Fallon/File Photo/File Photo

Elon Musk strikes deal to buy Twitter for US$44 billion

ByBernama

NEW YORK, April 26 : The board of Twitter has agreed to a US$44bn takeover offer from the billionaire Elon Musk.

Musk, who made the shock bid less than two weeks ago, said Twitter had “tremendous potential” that he would unlock, Jordan news agency (Petra) citing report by BBC said.

He also called for a series of changes from relaxing its content restrictions to eradicating fake accounts.

The firm initially rebuffed Musk’s bid, but it will now ask shareholders to vote to approve the deal, it added. – TVS

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