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Elon Musk To Commit $33.5B For Twitter Acquisition聽

Elon Musk Twitter Tesla

CEO will commit $33.5 billion of his own money to acquire , according to a new with the

He鈥檚 also in discussions with other Twitter shareholders, including founder , about retaining their shares of the company, per the filing.

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The new filing indicates the Twitter deal is still going forward, although Musk recently said the deal couldn鈥檛 proceed until Twitter verifies how many users on the platform are spam accounts or bots. Twitter CEO l said the company鈥檚 estimate of spam accounts on the platform is based on multiple internal reviews, and external validation isn鈥檛 possible.

In April, Musk agreed to buy Twitter for about $44 billion, or $54.20 per share. The move came after he聽 became Twitter鈥檚 largest outside shareholder, then submitted an unsolicited bid to acquire the company.

Although Twitter implemented a 鈥減oison pill,鈥 it ultimately agreed to sell to Musk.

Musk said in filings that his interest in Twitter lies in improving the company as a platform for free speech.

鈥淔ree 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,鈥 Musk said in a statement. 鈥淚 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 鈥 I look forward to working with the company and the community of users to unlock it.鈥

Musk is expected to serve as Twitter鈥檚 CEO for a few months after the acquisition is completed, In addition to Tesla, Musk also serves as the CEO of , and co-founded , and .

It鈥檚 unclear when the Twitter acquisition deal is expected to close.

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