In the end, Elon Musk decided to go with a buyout.
... [+]Before deciding to buy Twitter, Elon Musk thought about starting a competing social media company, according toAt the end of March, Musk made initial contact with Twitter after accumulating a more than 9% stake in the company that, for a time, made him the company’s largest shareholder.
It would’ve put him on the same path as President Trump, who launched his Truth Social app in February with lackluster results. Instead, Musk went a different route and in April proposed and later won board approval for a $54.20-a-share buyout of Twitter. He has since said the deal may not happen over concerns about spam and the quantity on fake accounts on internet.
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