Mr Musk will take Twitter private, and Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction.Twitter has agreed a definitive deal to sell itself to Elon Musk, the world’s richest man, at approximately $44 billion.
Mr Musk made an unsolicited bid for the giant social media company, offering to buy its shares for $54.20 a unit — reasonably higher than the $40 plus it has been selling. In a statement Monday evening, Mr Musk announced that Twitter Inc. had entered into a definitive agreement to be acquired by an entity wholly owned by Mr Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction.
Parag Agrawal, Twitter’s CEO, said, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”“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,” said Mr. Musk.
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Twitter Confirms Sale Of Company To Elon Musk For $44bnTwitter on Monday confirmed it is selling the platform to billionaire entrepreneur Elon Musk in a deal valued at $44 billion. The sale was a dramatic shift for the board, which had originally maneuvered to block Musk from taking the social media network private. “Free speech is the bedrock of a functioning democracy, and … Continue reading Twitter Confirms Sale Of Company To Elon Musk For $44bn I don't know why I'm excited on Elon musk bid to buy twitter 🤩😂 $44b😱😱😱😱😱 Money!!!!
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Twitter Board In Advanced Talks To Sell Company To World’s Wealthiest Man, Elon Musk | Sahara ReportersThe two sides were discussing details including a timeline to close any potential deal and any fees that would be paid if an agreement were signed and then fell apart. Elon musk werey, abeg do buy Twitter Ok esla 😉
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Report: Twitter board in talks with Elon Musk over bid to buy company | TheCableTwitter, a micro-blogging company, is nearing a deal to sell itself to Elon Musk, The New York Times is reporting.
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