So now the ‘blue bird’ of Twitter has found its new abode. Now the world’s richest man Elon Musk is its new owner. According to the news agency’s report, Twitter has confirmed the sale of the company to Elon Musk for $ 44 billion. According to the information, Elon Musk, the richest person in the country and the world, made a deal to buy Twitter for $ 44 billion on Monday. As part of the deal, he has regained personal control over Twitter, considered one of the most influential social media platforms.
The deal has given the Tesla CEO ownership of the company with 217 million users. After which Musk said in a statement issued by Twitter, “Free speech is the cornerstone of a functioning democracy, and Twitter is the digital town square where matters important to the future of humanity are debated.”
एलन मस्क ने एक बयान में कहा कि मुक्त भाषण एक कार्यशील लोकतंत्र का आधार है और ट्विटर डिजिटल टाउन है, जहां मानवता के भविष्य के लिए महत्वपूर्ण मामलों पर बहस होती है। pic.twitter.com/HlFxEQyQyn— ANI_HindiNews (@AHindinews) April 25, 2022
He claimed that “I want to make Twitter better than ever by enhancing the product with new features, making it open source to build trust, defeating spambots, and authenticating all human beings.”
So, now the publicly traded firm will become a private company owned by Musk. Company CEO Parag Agarwal tweeted, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by work that has never been more important.”
The microblogging site had been evaluating Musk’s proposal for the past few weeks. Elon Musk raised about $46.5 billion in funding to make the purchase last week, and Dan Ives, an analyst at Wedbush Securities, predicted earlier in the day that since the board could not find any other eligible buyers, so he thought it was probably him and accepted it.
Let us tell you that Musk described the “scary possibilities” of Twitter a few years ago. He had also demanded many changes from closing the fake accounts. According to Forbes Magazine, Musk is the richest person in the world. His net worth is ₹ 273.06 billion. Musk, also CEO of electric vehicle maker Tesla, leads aerospace firm SpaceX.
Musk has consistently advocated free speech. But the question is, from where will Musk bring so much money? Because there is a mess about $21 billion. Which Musk has said to give in cash. The question is, from where will they get so much cash? Which he has personally taken the responsibility of giving. In an official statement, Twitter said that Musk has “secured $25.5 billion of fully committed debt and margin debt financing. Not only this, but he has also provided an equity commitment of about $21.0 billion.
However, he has also publicly told about this. Indeed, Elon Musk, in a security filing made public on Thursday, described how Low Investment Bank will seek help from Morgan Stanley and a group of other lenders. Who has offered a loan of $ 13 billion, as well as $12.5 billion in exchange for stock in his electric car company Tesla.