Elon Musk has acquired Twitter for around $44 billion, establishing himself as the sole owner of the microblogging site.
The Twitter board has agreed to the deal offered by Elon Musk. Now the Tesla CEO is the new owner of Twitter.
Elon previously owned a 9.2% stake in Twitter, now he owns 100% of the company.
The Tesla CEO offered to pay $54.20 per Twitter share and said that this is his "best and final" offer.
Now that Elon owns the entire Twitter, the platform is expected to undergo some changes.
Elon Musk is a free speech absolutist and wants to make Twitter's algorithm open source.