Credit: Edgar Cervantes / Android Authority
- Billionaire Elon Musk will buy Twitter for $44 billion.
- Twitter’s board approved the sale today.
- It is unclear how this will affect Twitter in the short- and long-term.
Update: May 13, 2022 (6:30 AM ET): Well, looks like there might be yet another delay in Elon Musk’s Twitter takeover. Musk tweeted on Friday morning that his deal to purchase Twitter is “temporarily on hold.” The billionaire is reportedly awaiting “details supporting” that spam and fake accounts do make up less than 5% of Twitter’s active accounts, as stated in the company’s recent financial report.
Original article: April 25, 2022 (2:53 PM ET): After a rollercoaster ride of offers, rejections, and re-offers, it’s official: Elon Musk will buy Twitter (via CNBC).