Elon Musk Buy Twitter for $44 billion USD
Elon Musk has finally bought 100 per cent stake in Twitter for approx $44 billion, around $54.20 per share, and all of it in cash.
Elon Musk has finally bought 100 per cent stake in Twitter.
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Elon Musk Buy Twitter for $44 billion USD
Twitter Inc. has agreed to be acquired by billionaire Elon Musk, CEO of Austin-based automaker Tesla, in a deal worth about $44 billion, the social media platform said Monday.
Twitter stockholders will receive $54.20 per share of common stock that they own upon closing of the deal. The purchase price is a 38% premium to Twitter’s closing stock price on April 1, which was the last trading day before Musk disclosed his 9% stake in Twitter.
It is official. Elon Musk has finally bought 100 per cent stake in Twitter for approx $44 billion, around $54.20 per share, and all of it in cash. The microblogging site has been evaluating Musk’s offer for the past several weeks. Musk previously said that Twitter has “extraordinary potential” and he wants to unlock it all.
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Elon Musk struck a deal on Monday to buy Twitter for roughly$44 billion, in a victory by the world’s richest man to take over the influential social network frequented by world leaders, celebrities and cultural trendsetters.
How much did Twitter sell for?
$44 billion
One is that $44 billion is indeed a good price for Twitter. It is significantly more than around $28 billion that Microsoft paid for LinkedIn, and LinkedIn had a viable business model. It is also much much more than what Facebook paid for Instagram or WhatsApp.
Twitter Deal FaQs
$44 billion
One is that $44 billion is indeed a good price for Twitter. It is significantly more than around $28 billion that Microsoft paid for LinkedIn, and LinkedIn had a viable business model. It is also much much more than what Facebook paid for Instagram or WhatsApp.
$44bn
The board of Twitter has agreed to a $44bn (£34.5bn) takeover offer from the billionaire Elon Musk.
Musk said at a conference that he made the offer to buy Twitter because it had “become kind of the de facto town square, so it is just really important that people have the reality and the perception that they are able to speak freely within the bounds of the law.” He added: “This is not a way to make money.
Musk will pay for Twitter using $25.5 billion in debt and margin loan financing along with $21 billion in equity commitments. Shortly before the stock was halted, investors were still pricing Twitter roughly $4, or 7%, below Musk's bid price. Apparently, they weren't sure what to do.
Musk's deal for Twitter is worth about $44 billion. Elon Musk struck a deal on Monday to buy Twitter for roughly $44 billion, in a victory by the world's richest man to take over the influential social network frequented by world leaders, celebrities and cultural trendsetters.
Twitter
Twitter on Monday announced it has accepted billionaire Elon Musk's bid to takeover the social media company for $44 billion. Elon Musk will soon hold the keys to Twitter. The company announced on Monday that it has accepted the Tesla CEO's $44 billion offer to take the company private.
It's official: Elon Musk is set to buy Twitter. The social media giant confirmed Monday the Tesla CEO and billionaire will acquire the company in a deal worth $44 billion. Once the deal is complete, which is expected by this year, Twitter will become a privately held company.
Twitter reaches deal to sell to Elon Musk for about $44 billion : NPR. Twitter reaches deal to sell to Elon Musk for about $44 billion The sale caps a dizzying saga for Twitter and Elon Musk, the world's richest man and a prolific user of the social media platform.
Why did Elon Musk want to buy Twitter? Musk has said he wants to promote free and open speech on the service, which he has said he sees as an essential place for sharing viewpoints. During a TED interview shortly after announcing his bid, he expanded on some of his plans
Musk once called spam bots "the single most annoying problem" on Twitter. He tweeted in April 2022: "If our twitter bid succeeds, we will defeat the spam bots or die trying!" He wrote in a reply to that tweet that Twitter would "authenticate all real humans" under his ownership
Elon Musk calls for 'free speech' on Twitter
Under the terms of the deal, shareholders will receive $54.20 in cash for each share of Twitter stock they own, matching Musk's original offer and marking a 38% premium over the stock price the day before Musk revealed his stake in the company.
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And it's why Google is worth $1.7 trillion, Facebook $583 billion, and Twitter $36 billion.
Parag Agrawal (29 Nov 2021–)
Twitter / CEO
Image of Who is CEO of Twitter?
Parag Agrawal is an Indian-American software engineer who is the chief executive officer of Twitter.
Founder(s)Jack Dorsey Noah Glass Biz Stone Evan Williams
Key peopleBret Taylor (Chair) Parag Agrawal (CEO) Ned Segal (CFO)
Twitter provides breaking news
It's official: Elon Musk is set to buy Twitter. The social media giant confirmed Monday the Tesla CEO and billionaire will acquire the company in a deal worth $44 billion. Once the deal is complete, which is expected by this year, Twitter will become a privately held company.
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