Twitter set to simply accept Elon Musk’s provide to purchase the corporate

Oh god. According to Bloomberg, it seems to be like Twitter actually goes to be offered to Elon Musk.

The social media firm’s 11-member board has been negotiating with Musk after his bid to purchase the corporate for $46.5 billion, equating to $54.20 per share in money. Two folks near the matter, who spoke on the situation of anonymity, have come ahead claiming that negotiations are coming into their last phases and that Twitter is ready to simply accept Musk’s provide. According to the New York Times, Twitter shareholders and Musk at the moment are simply finalising the timeline for a transaction and the scale of any charges paid ought to the sale fall by way of. For all intents and functions, it appears as if it’s a performed deal.

In some methods, it’s unsurprising that Musk has determined to purchase the corporate, as he’s at all times been an enormous fan of the dumb chook app. Remember that point he was sued after tweeting he had secured funding to take Tesla personal at $420 a share? Or casually knocked $14 billion off Tesla’s worth after tweeting “Tesla stock price is too high imo”? Or when he falsely claimed {that a} heroic man who rescued kids trapped in a collapse Thailand a “pedo guy”? Good occasions.

So what is going to occur when Musk takes over? Well, he not too long ago ran a ballot asking his followers for his or her opinion on implementing an edit button and he’s vowed to eliminate spam on the platform. He’s additionally beforehand expressed that he desires folks to have the ability to communicate extra freely on Twitter: in a letter to the corporate’s board declaring his intention to purchase the corporate, he wrote: “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.” As a ‘free speech absolutist’, it’s possible Musk would allow hate speech on Twitter, which is simply what the world wants proper now!

It’s troubling to suppose {that a} man who’s joyful to (reportedly) kill monkeys with barbaric mind chips is so near proudly owning one of many world’s largest and most influential social media platforms. Thankfully although, it’s nonetheless potential that the deal will fall by way of – Twitter should still be thrashing out phrases, investigating the billionaire’s credentials, and seeing how regulators will react to the deal. Here’s hoping all of it falls aside and Elon takes his little rocket to Jupiter as a substitute x

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