Twitter, Nigeria Agreement Suffers Setback As Musk Buys Microblogging Platform

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There are indications that Twitter’s agreement with the Nigerian government will be reviewed in months. This is as Elon Musk sealed a takeover deal with the firm yesterday at a transaction value of $44 billion. Musk had earlier proposed to buy Twitter for $43 billion in cash. He called this his “best and final” offer for the social media company. Musk yesterday struck a deal to buy Twitter for roughly $44 billion, in a victory by the world’s richest man to take over the premium social network.

Recalled that last June, the Federal Government had banned Twitter operations in Nigeria. Nigeria suspended the social media platform after it deleted a tweet by President Muhammadu Buhari. The Federal Government accused Twitter of being sympathetic to secessionists.

However, after 222 days and economic losses of about N546.5 billion, the Federal Government yielded to pressure, lifting the ban.

Telecoms analyst, Kehinde Aluko, said there could be a need for the firm to review its agreement with Nigeria, should Musk eventually take over the firm and reshuffle the board as envisaged.

“Of course, whenever there are any management changes, many things come under review. I won’t be surprised if Musk, when he takes over the firm, calls for a review of existing agreements, including that of Nigeria. Twitter also had an issue with China, Russia, North Korea, Myanma, among others. Let us keep our fingers crossed till the deal is sealed,” he stated.

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