Elon Musk will buy Twitter for 44 billion

Elon Musk, the world's richest man, signed a deal to buy Twitter for $ 44  billion on Monday.

Twitter served as a megaphone before banning former U.S. President Donald Trump from the platform.

 Musk, a self-proclaimed "free-spirited liberal," said he wanted to improve what he saw as "extra-exciting restraint."

"Freedom is the foundation of democracy, and Twitter is the digital town square where important issues for the future of mankind are discussed," Musk said in a statement.

I want to make Twitter better than before. Develop products with new features, build trust open source algorithms, defeat spam bots and authenticate all people. "

The publicly traded company will now become a private company owned by Musk and will discuss a purchase price of $ 54.20 per share, Twitter said.

We are deeply proud of our teams and inspired by work that was never important before," company CEO Parag Agarwal said in a tweet.

Musk raised about $ 46.5 billion for the acquisition last week, and "It simply came to our notice then, and he had to come to the negotiating table," she told CNBC in an interview.

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