On Monday, Elon Musk strikes a deal to acquire social media giant Twitter for $44 billion. Musk will pay $54.20/ share, with this the deal between Twitter & Elon Musk has become one of the biggest tech acquisitions of all time.
Elon Musk’s take over of Twitter is the third largest deal so far at $44 billion. In January this year, Microsoft acquired Activision Blizzard for $68.7 billion making the largest deal. Followed by Dell Inc’s acquisition of EMC Corp for $67 billion. Musk had made history by securing the 3rd largest deal in the tech world.
Musk has various plans for Twitter to unlock its true potential, soon after securing the deal Musk tweeted “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.”
Several new features are expected to be soon launched on Twitter. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots and authenticating all humans,” tweeted Musk.