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Twitter agrees Elon Musk takeover deal

Tesla chief executive, the world’s richest man, wins fight to take over influential social network for $44bn

Twitter has agreed to sell itself to Elon Musk, the world’s richest man, in a $44bn (£35bn) deal.

The deal puts the Tesla chief executive in charge of a company with 217 million users and an influential role in shaping the political and media agenda on both sides of the Atlantic. Twitter’s initial reluctance to accept a transaction appeared to fade after Musk confirmed a funding package for the deal and shareholders warmed to it.

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