Twitter has accepted Elon Musk’s offer to buy the company at $54.20 per share.
The sale is a dramatic shift after the company had initially put measures in place to prevent Musk from acquiring the company.
Musk confirmed the acquisition in a statement posted to his Twitter with the caption “Yesss!!”
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” he said.
🚀💫♥️ Yesss!!! ♥️💫🚀 pic.twitter.com/0T9HzUHuh6
— Elon Musk (@elonmusk) April 25, 2022