tuandoradio

With Deal for Twitter, Musk Lands a Prize and Pledges Fewer Limits

Elon Musk to buy Twitter

  • Twitter agreed to sell itself to Elon Musk for $44 billion, making it the biggest deal to take a company private in at least two decades
  • The deal raises questions about what he will do with the platform and how his actions will affect online speech globally
  • Could be treacherous for online speech because he might not be in favor of Twitter's community standards and barring users who violated those standards

Elusive Politics

  • Musk is often described as a libertarian, but he has not shrunk from government help when it has been good for business
  • His plan for a Twitter takeover adds to the challenges facing the former president's nascent Truth Social network
  • Republicans, who have long accused Twitter of censoring their views, cheered Mr. Musk's deal
  • Beyond speech issues, Twitter faces questions about its business

The deal came together in a matter of weeks

  • Twitter's executives initially welcomed him to the board of directors, but he reversed course within days and instead began a bid to buy the company outright.
  • Over the weekend, in a series of calls and video meetings, Twitter's board and the billionaire's deal makers hashed out terms for the purchase.

The deal, which has been approved by Twitter's board, is expected to close this year, subject to a shareholder vote and certain regulatory approvals.

  • In the employee meeting, Mr. Agrawal acknowledged the uncertainty ahead. "Once the deal closes, we don't know what direction this company will go in," he said.
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