Elon Musk Successfully Purchases Twitter for $44 Billion
  • 2 years ago
Elon Musk, Successfully Purchases Twitter, for $44 Billion.
NBC reports that Twitter has officially accepted
billionaire Elon Musk's $44 billion offer to buy
the social media company and take it private. .
NBC reports that Twitter has officially accepted
billionaire Elon Musk's $44 billion offer to buy
the social media company and take it private. .
The announcement was made on April 25. .
In response, the stock was halted
until the news broke but was up
over 6% once trading resumed. .
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, Elon Musk, Press release, via NBC.
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, Elon Musk, Press release, via NBC.
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, Elon Musk, Press release, via NBC.
Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it, Elon Musk, Press release, via NBC.
According to the new agreement,
Twitter stockholders will receive $54.20
in cash for each share of Twitter common stock.
The purchase price reportedly
represents a 38% premium to Twitter's
closing stock price on April 1. .
NBC reports that was the last
trading day before Musk revealed
his approximate 9% stake in Twitter. .
The Twitter Board conducted
a thoughtful and comprehensive process
to assess Elon’s proposal with a deliberate
focus on value, certainty, and financing. , Bret Taylor, Twitter’s Independent Board Chair, via NBC.
The Twitter Board conducted
a thoughtful and comprehensive process
to assess Elon’s proposal with a deliberate
focus on value, certainty, and financing. , Bret Taylor, Twitter’s Independent Board Chair, via NBC.
The proposed transaction will deliver
a substantial cash premium, and we
believe it is the best path forward
for Twitter’s stockholders, Bret Taylor, Twitter’s Independent Board Chair, via NBC
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