5 October 2022 | Other

Elon Musk is ready to buy Twitter

American entrepreneur Elon Musk has expressed his willingness to continue negotiations on his offer to buy Twitter Inc for $44 billion, thus taking the company private.

The Tesla Inc CEO will lead the company, which he originally intended to buy in April. Musk tweeted Tuesday night that buying Twitter would accelerate his ambition to create an "app for everything" called X.

In June, he had already spoken to Twitter employees about creating a "super app" as a platform for various apps and features. An example of such an app is WeChat, which is popular in China. The entrepreneur also wants to add money-transfer capabilities to the "super app.

Since Twitter has already received shareholder support for the sale to Musk, the deal could be closed quickly in the coming weeks if both sides agree to the initial terms.

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