Business

Elon Musk struck a deal to buy Twitter, capping three weeks of drama during which he had revealed he had amassed a 9.2% stake and rejected a seat on the board and Twitter had tried to block a sale. In the end its big investors forced Twitter to the table when Mr Musk revealed a financing package for his offer. At around $44bn it will be one of the largest-ever leveraged buy-outs. The Twitterati went into meltdown at Mr Musk’s pledge to nurture free speech on the platform. But he seemed to have the support of Jack Dorsey, Twitter’s founder, who tweeted: “Taking it back from Wall Street is the correct first step.”