Tesla CEO Elon Musk reaches deal to acquire Twitter for approximately $44 billion
Twitter and Musk spoke on Sunday and into the early hours on Monday, The New York Times reported, less than two weeks after the billionaire first revealed a 9 percent stake in the platform.
Twitter confirmed the news on Monday after discussions over the deal accelerated over the weekend when Musk wooed shareholders with financing details of his offer. "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 a statement.
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