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Twitter Inc. on Monday accepted Elon Musk’s bid to take over the company, which would give the world’s richest man control over the social-media network where he is also among its most influential users. Mr. Musk intends to take Twitter private as part of the deal.
The Tesla chief executive promised new features and reiterated his push to soften Twitter’s stance on content moderation. "Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," he said in a news release announcing the deal.
The takeover, if it goes through, would mark one of the biggest acquisitions in tech history and will likely have global repercussions for years to come, including possibly shaping how billions of people use social media.
Twitter employees reacted to the prospect of a takeover by Elon Musk with a mix of enthusiasm, fear and humor, as people who work for the social-media network try to anticipate their future at a company owned by the unpredictable billionaire.
Political activists expect that a Musk regime will mean less moderation and reinstatement of banned individuals including former President Donald Trump. Conservatives cheered the prospect of fewer controls while some human rights activists voiced fears of a rise in hate speech.
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