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Twitter has been acquired by Elon Musk. weekslong saga during which he first became the company’s largest shareholder, then offered to buy it outright.

The richest person in the world secured a deal on Monday, agreeing to buy the social network for $54.20 a share — valuing the firm at roughly $44 billion. 

We don’t know what Twitter has in store. Musk, while hinting at the changes he’d like Twitter to make over the course of the past weeks, has not yet provided a plan for how he plans to move Twitter. 

In the following statement Musk released a statement after the agreement was made. He called Twitter the “digital town square” where vital issues for humanity’s future are discussed. And he said that he is looking forward to unlocking the company’s “tremendous potential.”

This is what you need to know about Musk’s Twitter plans. 

Musk, who is also the ex-CEO of Twitter and cofounder of Twitter, shares this sentiment. tweeted Wall Street and the Ad Model owned the company, according to Dorsey on Monday. Dorsey indicated that private ownership was “the right first step.” 

Although Twitter’s board approved the sale unanimously, shareholders will need to approve the transaction and it will be subject to regulatory review. Parag Agrawal, CEO of Twitter, stated that he anticipates that the sale will close by. the next three to six months.

Eleanor Bloxham CEO, corporate advisory firm The Value Alliance tells CNBC Make It that shareholders will have to evaluate whether this deal is worth it for them or if they could do better with Musk.

Musk will buy out shareholders and allow them to trade their shares at $54.20 each. Stockholders have the option to keep them till the company is privatized. will be cashed out At the current trading prices

Musk has described his search for Twitter as one that is necessary to protect “free speech.” Musk has not yet stated what it is he would like to see changed, but he was critical of Twitter’s past. suggesting that the platform stifles free speech and engages in “censorship.” 

He has stated that he will loosen Twitter’s content moderation policies, and redouble his efforts to get rid of those who are violating the guidelines. Musk also stated that he hopes no one leaves Twitter because of his ownership. 

“I want that all my worst critics stay on Twitter,” he tweeted Monday. Because that’s what freedom of speech is all about. 

Musk has other interests beyond content moderation. This is what Musk has stated he would like to see change in Twitter. 

• He called for the addition of an edit buttonTwitter claims that a new version of ‘, is in development. 
• Twitter Blue users should have the ability to subscribe, he says. pay with his favorite cryptocurrency: dogecoin. 
• He says that Twitter should make its algorithm — which determines which posts are shown to which users — open source so as to “increase trustClick here to access the Platform.
• He said that Twitter must eliminate spam bots, which plague the platform.or die tryingIt will authenticate “all real people” using a verification badge.