Elon Musk buys twitter at $44bn
The board of Twitter has agreed to a $44bn (£34.5bn) takeover offered by the billionaire Elon Musk. Mr Musk is the world's richest person, according to Forbes magazine, with an estimated net worth of $273.6bn mostly due to his shareholding in electric vehicle maker Tesla which he runs. He also leads the aerospace firm SpaceX. Thursday, April 14th, Elon Musk announced an offer to buy Twitter for $54.20 a share. On April 25th, Twitter accepted the deal. Mr Musk, who made the shock bid about two weeks ago, said that Twitter had such "tremendous potential" that he would unlock. He also called for a series of changes from relaxing its content restrictions to eradicating fake accounts. The firm initially rebuffed Mr Musk's bid, but it will now ask shareholders to vote to approve the deal. According to SEC filings, Musk sold about 9.6 million shares in Tesla, worth around $8.4 billion, as he seeks to line up the financing for his takeover bid of Twitter. Tesla’s share pri