Musk’s Twitter deal inches finish line

Billionaire entrepreneur Elon Musk said last Thursday, October 27, his goal is to enable healthy debates of ideas and counter the tendency of social media to ‘splinter into partisan echo chambers.’

The billionaire is currently days away from finalizing his USD44 billion purchase of the popular micro-blogging social platform. Speaking about his latest acquisition in the making, Musk said he pursued the deal “because it is important to the future civilization to have a common digital town square, where wide range of beliefs can be debated in a healthy manner, without resorting to violence.”

The SpaceX founder’s on-again, off-again Twitter acquisition entered its final phase after Delaware Judge Kathleen McCormick paused litigation earlier on October 6, on a Twitter suite against Musk after he previously walked away from the deal. Since then, Musk has reportedly been lining up financing.

Meanwhile, the New York Stock Exchange (NYSE) posted a pending order to suspend trading in Twitter before Friday’s session, October 28.