Twitter accepts 44 billion-dollar Musk bid

Musk, who made the shocking offer less than two weeks ago, has confirmed that he is the right person to disable “ ” “The extraordinary option” of the social media firm.

He called for a series of changes from easing content restrictions to eliminating false accounts.

The firm initially rejected Musk's offer, but will now require shareholders to vote to approve the agreement.

Musk is the richest man in the world, according to Forbes magazine, worth net worth $273.6 billion, mainly because of its share in the Tesla electric vehicle manufacturer, which he runs. He also runs the SpaceX airspace firm.

“Free speech is the foundation of a functional democracy and Twitter is the city's digital square, where vital issues for humanity's future --” -- he said in a statement announcing the agreement.

I also want to make Twitter better than ever by improving the product with new features, making algorithms open to boost trust, beating spam bots and proving all people”, he added.

I look forward to working with the company and the community of users to unlock it. ”

Brett Taylor, the chairman of the Twitter board, said he has conducted a “sweeping processes” to assess Musk's proposals for the firm.

The proposed “Transaction will bring a considerable price of money, and we believe it is the best way forward for Twitter shareholders”, he said.