Elon Musk says he wants to make Twitter better than ever

CALIFORNIA, April 25 (MENA) - Billionaire Elon Musk said “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,” CNBC reported on Monday.

Musk made the remarks in a statement included in the press release announcing the $44 billion deal to buy Twitter.

“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it,” he added.

Twitter said on Monday that it has agreed to sell itself to Elon Musk in a deal valued at around $44 billion.

Under the terms of the deal, shareholders will receive $54.20 in cash for each share of Twitter stock they own, matching Musk's original offer and marking a 38% premium over the stock price the day before Musk revealed his stake in the company.