Elon Musk Officially buy Twitter for $44 Billion….According to finance.yahoo, Twitter said yesterday, Monday, that it has accepted a $44 billion offer from billionaire Elon Musk to purchase the site, and Twitter stockholders receiving $54.20 per share. Following the completion of the deal, the social network will be transformed into a private corporation.
Billionaire Elon Musk Officially buy Twitter for $44 Billion
This announcement comes after a turbulent few weeks between Musk and the Twitter board of directors, during which Musk became the company’s largest shareholder, and rejected the board’s efforts to recruit him as a member, prompting him to launch a hostile offer to take over the social media company.
Elon Musk is an active Twitter user who regularly shares news about his companies and business. However, he also use the platform to spar with politicians and others, and his tweets have frequently landed him in legal trouble in the past.
Musk is now adding Twitter to his portfolio of companies including Tesla (TSLA), SpaceX, The Boring Company and Neuralink.