New reports surfaced early Monday morning alleging that Twitter and Elon Musk may have agreed on a deal. According to Twitter itself, Musk is expressing interest in buying the social media platform.
As CNN reported on April 25, roughly two weeks ago, Musk first expressed buying Twitter, offering billions for the platform. While neither Twitter nor Musk have confirmed such reports, the Wall Street Journal says the deal can be finalized as soon as today.
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After Musk’s initial offer, it seemed like Twitter may have been unwilling to sell the company to the polarizing businessman. The board went as far as to adopt a so-called poison pill that would make it very hard for Musk to make the purchase without Twitter’s approval. Twitter’s board met Sunday to evaluate Musk’s offer. According to CNN, the Tesla CEO has already lined up financing in the amount of $46.5 billion.
Musk has made it very clear that he intends on making many changes to the social media platform. On Twitter itself, Musk explained his intentions should he acquire the platform.
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“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,” Musk said in his offer letter to Twitter.
“However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”
Musk is certainly no stranger to Twitter and has easily become one of the most influential users on the platform. However, his influence can easily be seen as trolling as he often uses his account to call out those who don’t always support his work.
Most recently, Musk took aim at Bill Gates “for shorting Tesla while claiming to support climate change action.” He’s even called out Twitter on Twitter and its “shadow ban council” for reviewing his troll-like tweets.
It remains unclear if Twitter attempted to find another buyer after Musk’s original offer. However, CNN reports that Twitter’s board eventually came to the “realization that an alternative bid from a ‘white knight’ may be difficult to come by, especially following the decline in asset prices from social media companies in recent weeks/months.”
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