Billionaire Elon Musk buys Twitter for $44 billion

Billionaire Elon Musk buys Twitter for $44 billion

Will this positively affect the video game industry?

Elon Musk Twitter
The Twitter board of directors approved the offer of billionaire Elon Musk to acquire the Twitter platform for $ 44 billion, as Musk was the richest person in the world, according to Forbes magazine, negotiating to buy the platform in his personal capacity, without the participation of Tesla in the deal.

Thus, Twitter agreed to sell itself to Musk for $54.20 per share, an increase of 38 percent in the price of shares in the financial markets before Musk announced his intention to buy it, before revealing that he is the largest owner of its shares.

Ownership of Twitter would give Musk power over important social and political issues, perhaps most importantly being the ban on former President Donald Trump, who enacted the site in response to the January 6 storming of the Capitol, according to the Washington Post. “

Some details of the deal will be reviewed by US regulators on Thursday, in addition to Twitter’s 11-member board of directors, and according to news, a number of Twitter shareholders reached out to the company, after Musk announced the financing plan, urging it not to miss an opportunity. contract deal.

Earlier this month, Musk refused a seat on Twitter’s board of directors, which would have limited the shares he is allowed to own, and then made an offer to take over the company on April 14.

Musk recently said he believes Twitter should be more open and transparent. He added during the “TED 2022” conference in Vancouver:

I think it is very important to have an inclusive arena of freedom of expression.

With regard to the field of video games, it is known that the Twitter platform is one of the most important platforms for players and game development companies in which they communicate with players and announce their projects through the platform, and since Musk loves to play sometimes, he has worked on several projects to run games in cars. Tesla.

Tesla CEO Elon Musk had previously tweeted, expressing his support for Epic Games in its lawsuit against Apple, over the commission it charges 30% of the profits for every sale made through its digital store.

In addition to the billionaire’s research in artificial intelligence techniques through his company Neuralink, when he was able to make an experimental monkey that can play ping pong like humans, as Neuralink is working on designing the first neural implant in the world that allows you to control any device through your mind, This is called a brain-machine interface (BMI), where holding and hand control will no longer be a place in the future, which has been met with many problems and obstacles.

Leave a Reply

Your email address will not be published.