The board of Twitter and billionaire Elon Musk have reach agreement for $44bn (£34.5 bn) Twitter takeover.
Mr Musk, who made the shock shot lower than two weeks ago, said Twitter had “tremendous eventuality” that he’d unlock.
Elon Musk also called for a series of changes from relaxing its content restrictions to eradicating fake accounts.
Twitter originally rejected the world richest man, Elon Musk’s first offer, but it’ll now ask shareholders to vote to authorize the agreement.
Mr Musk is the world’s richest person, according to Forbes magazine, with an estimated net worth of$273.6 bn substantially due to his shareholding in electric vehicle maker Tesla which he runs.
The Tesla CEO also leads the aerospace firm SpaceX.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Mr Musk said in a statement announcing the deal.
“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans,” he added.