Elon Musk Buys Twitter in $44 Billion Deal


Today Twitter announced that Tesla owner Elon Musk will be purchasing the company at a price of 44 billion USD. This deal comes after weeks of back and forth starting when Musk purchased a 9% stake in the company. The Twitter board attempted to block Elon’s efforts to buy the platform by activating a poison pill which flooded the market with shares at a lower value in hopes of making the prospect too expensive. Musk overcame this tactic, and purchased Twitter at 54.20 per share in a cash transaction.

This change in ownership will make Twitter a private company, and Musk has already proposed some of the policy he intends to enact such as making the algorithm open source so users can see exactly how it works. In the immediate future this likely won’t have any effect on the site, which has become a pillar in the PR social media strategies of many game companies and games media outlets.

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