Musk makes an “astronomical” offer to buy Twitter

Twitter would be close to reaching an agreement with Elon Musk, the richest man on the planet. His offer to buy the platform would reach about 40 billion euros. The deal could close on Monday, according to The Wall Street Journal. Twitter’s board of directors met this Sunday to study the offer from the owner of Tesla and SpaceX, after 11 days of talks. As a consequence, the shares have risen almost 5% this Monday, exceeding 47 euros per share.

Less than a month ago, Musk revealed that he had acquired a 9% stake in the company. If approved, the deal would put the world’s richest man in charge of one of the most influential social media platforms on the web. Musk has repeatedly emphasized that his goal is to bolster free speech on the platform. And he seeks to “unlock” his “extraordinary potential” as well.

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