By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Elon Musk’s $44bn Twitter Deal Gets Board Endorsement
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Elon Musk’s $44bn Twitter Deal Gets Board Endorsement

News

Elon Musk’s $44bn Twitter Deal Gets Board Endorsement

Tare Magbei
Tare Magbei
Published: June 15, 2025
Last updated: June 15, 2025
3 Min Read
Share
Elon Musk’s $44bn Twitter Deal Gets Board Endorsement | Daily Report Nigeria
SHARE

Twitter’s board has endorsed the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk.

This was contained in a regulatory filing Tuesday, according to ABC News.

However, AFP quoted Musk saying Tuesday that his $44 billion move to take over Twitter remained held up by “very significant” questions about the number of fake users on the social network.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

Musk was reluctant to talk about the deal when asked at the Qatar Economic Forum, saying it was a “sensitive” matter.

“There are still a few unresolved matters,” Musk said by video link.

This includes whether “the number of fake and spam users on the system is less than five percent as per their claims, which I think is probably not most people’s experience when using Twitter.

“So we are still awaiting resolution on that matter and that is a very significant matter,” the Tesla car and SpaceX exploration chief said.

Musk said there were also questions about Twitter’s debt and whether shareholders will vote for the deal.

“So I think these are the three things that need to resolved” to make the transaction happen.

Musk said he wanted to get 80 percent of the North American population and half the world’s population onto Twitter.

“That means it must be something that is appealing to people, it obviously can’t be a place where they feel uncomfortable or harassed or they will simply not use it.”

“I think there is this big difference between freedom of speech and freedom of reach,” Musk added.

“You are allowed to yell whatever you want in a public space, more or less. But whatever you say, however controversial, doesn’t need to then be broadcast to the whole country.

“So I think generally the approach of Twitter should be to let people say what they want within the balance of the law but then limit who sees that based on any given Twitter user preferences.”

He said that if the deal went ahead his role would be to “drive the product”, saying this is what he did at Tesla and SpaceX.

Musk said he expected Tesla’s number of employees to fall by about 3.5 percent in the next three months but the headcount would start rising again in a year.

Asked about the next US presidential election in 2024, Musk said he had not decided who to back but that he was ready to inject $20-$25 million into a candidate’s campaign.

He has previously indicated he could support Florida’s Republican governor Ron DeSantis.

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:BusinessElon MuskTwitter
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Nigeria’s Sprinter Ajayi to Face World’s Fastest Man in Budapest Duel | Daily Report Nigeria
Nigeria’s Sprinter Ajayi to Face World’s Fastest Man in Budapest Duel
Sports
Why Top Clubs Shy Away from Osimhen – Sunday Oliseh | Daily Report Nigeria
Why Top Clubs Shy Away from Osimhen – Sunday Oliseh
Sports
US Tightens Child Green Card Eligibility Rules From August 15 | Daily Report Nigeria
US Tightens Child Green Card Eligibility Rules From August 15
News
BREAKING: Tinubu Dragged to ECOWAS Over Certificate Forgery
Ohanaeze Backs Tinubu’s 2027 Re-Election Over Unprecedented Southeast Projects
Politics
Chinese No Longer Give Us Loan – Amaechi
Amaechi Vows to Defeat Tinubu, End Corruption in One Month if Elected President
Politics

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Osinachi’s Story Keep Getting Worse, Husband Should Be Jailed - Uche Jombo | Daily Report Nigeria
News

Osinachi’s Story Keep Getting Worse, Husband Should Be Jailed – Uche Jombo

June 13, 2025
Famine Hits Zamfara | Daily Report Nigeria
News

Some Politicians Behind Insecurity in Zamfara – Commissioner

June 14, 2025
Saudi Student Sentenced to 34-Years Imprisonment For Using Twitter | Daily Report Nigeria
News

Saudi Student Sentenced to 34-Years Imprisonment For Using Twitter

June 15, 2025
BREAKING: Former Anambra Governor, Chinwoke Mbadinuju Dies | Daily Report Nigeria
News

BREAKING: Former Anambra Governor, Chinwoke Mbadinuju Dies

June 13, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?