Details of the deal

THE BIRD IS THE WORD: Tesla CEO Elon Musk promised to make Twitter “better than ever” on Monday after the social-media giant’s board of directors voted unanimously to approve his proposal to buy the platform at a premium and take it private.

Value of Musk’s deal is roughly $44 billion.

Stockholders are to receive $54.20 for each share.

Twitter co-founder Jack Dorsey would receive a $978 million cash payout for his 2.4 percent stake in the company.

Twitter CEO Parag Agrawal would receive a $38.7 million pay package due to a clause in his contract.

Musk secured $46.5 billion in financing for the takeover bid, including $21 billion from him and $25.5 billion from various banks, according to a SEC filing.

Musk is paying more than 175 times as much for Twitter as Amazon founder Jeff Bezos paid for the Washington Post in 2013.

Twitter will be privately owned once the deal closes.

Musk plans to add new features, including making algorithms open source, defeating spam bots and authenticating all humans.

He’s already voiced support for less stringent content moderation policies.