Elon Musk strikes deal to buy Twitter for US $44bn

Elon Musk strikes deal to buy Twitter for US $44bn

By Naveel Krishant
Tuesday 26/04/2022
Elon Musk. [Image: bbc]

The board of Twitter has agreed to a US $44 billion takeover offer from billionaire Elon Musk.

Musk, who made the shock bid less than two weeks ago, said Twitter had "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 Musk's bid, but it will now ask shareholders to vote to approve the deal.

According to Forbes magazine, Musk is the world's richest man, with an estimated net worth of US $273.6 billion mostly due to his shareholding in electric vehicle maker Tesla which he runs.

He also leads the aerospace firm SpaceX.

[Source: BBC]



Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
RKS and Tailevu North retains Tailevu Zone title
RKS won the boys division with 25 gold, 21 silver and 24 bronze. Tailevu North College took out the girls title with 33 gold, 17 silver and 9 bronze ...
5 days ago

Grammar wins Suva Zone 2 girls and boys title
Suva Grammar School have taken out the boys and girls division titles of the Coca-Cola Suva Zone 2 athletics meet. The Grammar boys finished with 28 gold, 24 silver and 15 bronze.
16 days ago

Words matter, especially from a Minister - DPP
Words matter, especially from a Minister, and these words were inappropriate according to the Director of Public Prosecutions Christopher Pryde while ...
17 days ago
FEATURE NEWS
War on Ukraine and supply chain issue cause imported inflation to surge to 10% while domestic inflation stood at 3.4% - RBF
The war in Ukraine continues to subvert major commodity markets, supply chains and trading partner economies, causing imported inflation to surge to 1...
14 hours ago
LATEST NEWS
6 cases of measles identified
6 new cases of measles have been identified in Fiji. 2 cases are in Labasa, 3 in Rewa and one case is in Nasinu. The Ministry of Health has ...
10 hours ago

Fijian Shaheel Shermont Flair’s hilarious recreation of fashion shows a hit on social media scooping over 25 million views
Fijian TikToker Shaheel Sanil Prasad who is also known as Shaheel Shermont Flair is a hit on social media having over 25 million views for a single ...
10 hours ago

Minimum wage increases again today
The implementation of the second tranche of the National Minimum Wage and the Wages Regulations commences from today. The new rate for the ...
14 hours ago

Vodafone Fiji celebrates it’s birthday by giving away $280,000 on their 28th birthday
On its 28th birthday, Vodafone Fiji is giving away $280,000 in cash and prizes this month. 31 lucky customers will each win $2,800 in cash prizes ...
14 hours ago

Real estate agent tells AG a 2% commission is not sustainable
A real estate agent has told the Minister for Economy during the budget consultations that a 2% commission on the sale of a residential property is ...
14 hours ago

TOP