Elon Wins: Twitter to Be Sold to Elon Musk

Allum Bokhari

After a two-week battle against opposition from the platform’s board members, self-declared free speech absolutist Elon Musk, the CEO of Tesla and SpaceX and currently the richest man in the world, has succeeded in his bid to buy Twitter.

In a press release, the Twitter board announced that they had reached an agreement with the multi-billionaire to sell 100 percent of the company at Musk’s original price of $54.20 per share.

Via PR Newswire:

Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon 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.

Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.

full story at https://www.breitbart.com/tech/2022/04/25/elon-wins-twitter-to-be-sold-to-elon-musk/