Discussions over the deal, which last week appeared
uncertain, accelerated over the weekend after Musk wooed Twitter shareholders
with financing details of his offer.
Under pressure, Twitter started negotiating with Musk to
buy the company at the proposed $54.20 per share price.
The deal ends Twitter's run as a public company since its
2013 initial public offering.
"Free speech is the bedrock of a functioning democracy, and Twitter is thedigital town square where matters vital to the future of humanity are debated," Musk said in a statement.
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