The South African tycoon and owner of Tesla and SpaceX, Elon Muskcompleted the purchase of Twitter for a total value of 44,000 million dollars, and after that proceeded to dismissal of its main directors.
With the operation, the company’s shareholders will receive 54.20 dollars for each share and Twitter will become the property of the tycoon, who already announced plans to change the content moderation policies of the social network to bet on “greater freedom of expression,” according to the Europa Press news agency.
The closing of the purchase, finalized this Thursday night, puts an end to months of swings between the social network and the billionaire for the acquisition of the company. Is that despite agreeing on an initial offerMusk announced months later that he was backing down, claiming that Twitter officials had not agreed to his requests.
Specifically, the tycoon asked Twitter for the exact number of fake accounts that was on the platform, as well as the company’s way of auditing said accounts and eliminating them.
Because of that, and after months of showing his exasperation with the way the social network was run, Musk fired Twitter CEO Parag Agrawal as well as two other top officials.
The completion of the purchase comes a day after Musk announced to company employees that he was backing away from laying off 75 percent of workers, as he had initially estimated.
The purchase of Twitter by the billionaire could affect the functioning of the platformwhich has a direct impact on much of the political system and the media around the world.
