Elon Musk to buy Twitter for $44 billion

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Twitter has accepted Elon Musk's buyout offer. 

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Musk is purchasing the social media

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giant for $54.20 per share, or about $44 billion. 

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Musk is taking the company private, as expected. 

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Musk also said he planned to upgrade

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Twitter by protecting free speech, 

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open-sourcing algorithms, fighting spam bots

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and "authenticating all humans." 

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Twitter's board unanimously approved the acquisition.

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