The board of Twitter has agreed to a $44bn takeover offer from the billionaire Elon Musk.
Mr 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 Mr Musk’s bid, but it will now ask shareholders to vote to approve the deal.
Mr Musk is the world’s richest person, according to Forbes magazine, with an estimated net worth of $273.6 billion, mostly due to his shareholding in electric vehicle maker Tesla which he runs. He also leads the aerospace firm SpaceX.
Elon Musk and Twitter announced a $44 billion deal Monday for Musk to buy the company and take it over. The deal would be the largest to take a public company private in decades. It’s also led to major concerns about how Musk, who is one of the world’s richest men, will approach questions of extreme content and free speech. The Washington Post’s Elizabeth Dwoskin joins Stephanie Sy to discuss.