Why did Elon Musk just spend billions to take over Twitter?

Elon Musk has taken over Twitter and fired its CEO and other top executives

And the stock will be officially delisted early next month

One reason Musk bought Twitter this week is because he had little choice

The world's richest man spent months trying to back away from a $44 billion buyout deal originally signed in April

The reasons why Musk first wanted to own Twitter are more complicated

He said in an open letter on Thursday to companies that sell ads on Twitter

There has been a lot of speculation about why I bought Twitter and what I think about the ad.

Elon Musk officially takes over Twitter after closing a $44 billion deal

It is not yet clear how Musk obtained all the financing to close his $44 billion agreement to buy the company and take it private.

Since April, he's likely sold more than $15 billion worth of Tesla stock to pay his share.

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