Twitter’s board of directors has agreed to a proposal from billionaire Elon Musk, who wants to buy the company for $ 44 billion.

Musk made a stunning bid less than two weeks ago, saying Twitter has “huge potential” that he will develop further.

In April, Musk bought a 9.2% stake in Twitter for $ 2.89 billion, becoming the company’s largest shareholder.

He has already proposed several changes, from easing restrictions on published content to eradicating fake accounts.

Twitter’s management initially rejected Mask’s offer, but now intends to ask shareholders to vote in favor of the deal.

Elon Musk is the richest man on the planet, Forbes magazine estimates his fortune at $ 273.6 billion, mainly due to his shares in Tesla, which he manages. Another well-known company that is closely associated with his name is the aerospace company SpaceX.

“Freedom of speech is the foundation of democracy, and Twitter is a digital urban space where things that are vital to humanity are discussed,” Musk said in announcing the agreement.

Elon Musk is a longtime and regular Twitter user. He has 80 million subscribers on the social network, and whatever statements he makes on the social network, they immediately spread on the Internet.

He also regularly uses Twitter to share news from companies owned by him, including SpaceX and Neuralink. In addition, he often publishes memes, which brings him popularity even among those who are not very interested in business, space or cars.

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