The board of Twitter has agreed to a US $44 billion takeover offer from billionaire Elon Musk.
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.
The firm initially rebuffed Musk's bid, but it will now ask shareholders to vote to approve the deal.
According to Forbes magazine, Musk is the world's richest man, with an estimated net worth of US $273.6 billion mostly due to his shareholding in electric vehicle maker Tesla which he runs.
He also leads the aerospace firm SpaceX.
[Source: BBC]
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