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Elon Musk Buys Twitter for $44 Billion

Twitter's Board of Directors Accepts Musk's Offer

Deal Expected to Close in 2022

In a major development in the tech industry, Twitter's Board of Directors has accepted Elon Musk's offer to buy the company for approximately $44 billion. The deal is expected to close in 2022, subject to shareholder and regulatory approval.

Musk, the CEO of Tesla and SpaceX, has long been a vocal critic of Twitter's content moderation policies. He has said that he wants to make the platform a more “free speech haven,” and has pledged to reduce censorship and spam.

The deal has drawn mixed reactions. Some analysts believe that Musk's ownership could reinvigorate Twitter, while others worry that it could lead to a more chaotic and unmoderated platform.

Twitter's stock price jumped more than 5% in pre-market trading following the announcement of the deal.