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26 April 2022

Elon Musk’s attempt to buy the social media giant Twitter inc has been approved by the Twitter board who accepted the Tesla founder’s offer on Monday, April 25, 2022.

The deal at $54.20 per share is valued at around $44 billion, and gives the world’s richest man complete control over one of the most popular online communication mediums in history, CNBC reported.

In a post announcing the deal, Musk reiterated his commitment to free and open discourse claiming it to be “the bedrock of a functioning democracy” Musk said.

Musk began acquiring Twitter shares in January, revealing that he’d accumulated a 9% stake in early April, reported Reuters.

The deal has been met with mixed reactions, with some fearing that Musk’s approach to free speech will lead to malevolent influence from foreign actors, as well as increased levels of online bigotry and harassment.

The deal is expected to close in 2022 reported The Independent.

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Drew Roller is a Filmmaker, Musician and stay at home dad. He enjoys films about sword swinging immortals, 90s games about British spies and long conversations online that push at the boundaries of polite conversation.

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