Twitter confirms completion of Elon Musk's $44 billion acquisition deal | CNN Business

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Twitter confirms completion of Elon Musk's $44 billion acquisition deal | CNN Business
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Elon Musk has completed his $44 billion acquisition of Twitter

, the company confirmed in a securities filing Friday, putting the world’s richest man in charge of one of the world’s most influential social media platforms. The company said the deal “became effective” on Thursday, as part of a filing notifying its intention to de-list from the New York Stock Exchange. The confirmation comes after a source familiar with the deal told CNN the deal had closed Thursday night.

” Musk has said he plans to rethink Twitter’s content moderation policies in service of a more maximalist approach to “free speech.” The billionaire has also said he disagrees with Twitter’s practice of permanent bans for those who repeatedly violate its rules, raising the possibility that a number of previously banned, controversial users could reemerge on the platform.

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