Twitter's board has accepted Elon Musk's offer to buy the 

social media platform for $44 billion and take it private, 

in what could be one of the biggest-ever leveraged 

buyouts of a publicly-listed company. It’s a dramatic turn 

of events: When the Tesla CEO unveiled his unsolicited 

bid 11 days ago, the social media platform appeared certain 

to reject it, even adopting a "poison pill" defense to ward 

off a hostile takeover. But Twitter started to warm up to the 

offer after the billionaire disclosed that he’d secured $46.5 

billion in financing. About half of that financing is bank debt, 

the rest is cash pledged by Musk himself. Musk says he wants 

to "transform" Twitter into a “platform for free speech around 

the globe.”

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