<span style="color: #222222;">Twitter has announced to sell its social media company to world's richest man Elon Musk, in a 44 billion dollar deal.<br />''<br />''The company said its board has accepted an offer from the billionaire to buy Twitter. Chair of Twitter's board Bret Taylor said the Twitter Board conducted a thoughtful and comprehensive process to assess Mr. Musk's proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders, he added.<br />''<br />''Under the terms of the deal, shareholders will receive 54.20 dollar in cash for each share of Twitter stock they own, matching Mr. Musk's original offer and marking a 38% premium over the stock price the day before he revealed his stake in the company.<br />''<br />''The deal comes just four days after Tesla and SpaceX CEO Musk unveiled a financing package to back the acquisition.<br />''<br />''Mr. Musk, who made the shock bid less than two weeks ago, said Twitter had tremendous potential that he would unlock. He also called for a series of changes from relaxing its content restrictions to eradicating fake accounts. Mr Musk has suggested this will give him freedom to make the changes he wants to the business.<br />''<br />''Twitter's present CEO Parag Agrawal said, Twitter has a purpose and relevance that impacts the entire world. He added, deeply proud of our teams and inspired by the work that has never been more important.<br />''<br />''The deal, which was unanimously approved by Twitter's board, is expected to close this year. Under the deal, Twitter's shares will be delisted and it will be taken private.</span><br />