In late April, Musk added a new title to his resume: owner of the micro-blogging site.
Musk will pay $54.20 per share, which is the same price as his original offer. When the deal closes, it will be a privately held company again.
So, what is Musk's plan with the social networking site?
He is going to take over as interim CEO when the deal closes.
Should the acquisition go through, Musk said the company will be focused on hardcore software engineering, design, information security, and server hardware.
He plans to make some managerial changes.
All managers in a technical area must be technically excellent, he said.
Musk has previously outlined his plans for changes at the micro-blogging site.
He said in the press release announcing the acquisition that free speech is the bedrock of a functioning democracy and that the digital town square where matters vital to the future of humanity are debated.
Musk, who has over 80 million followers on the service, has detailed his feelings about it for years.
He sees as an attack on free speech the way that the permanent ban of former president Donald Trump is being moderated. Among other things, Musk lambasted the way that the platform lacks moderation of the amount of fake news on it, and denounced it as the most annoying problem on it.
It is expected that Musk will close his acquisition of Twitter within the year.
Ben Gilbert, senior correspondent for Insider, can be reached via email at bgilbert@insider.com. Sources can be kept anonymous. You can use a non-work device to reach out. Please only email PR pitches.
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