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Monday, April 25, 2022

Elon Musk to Acquire Twitter for $44 Billion


According to an announcement from Twitter, the company revealed they entered a deal to be acquired by the billionaire for $44 billion. Twitter shareholders will reportedly receive $54.20 per share, and the social media network will become a privately held company upon the finalization of the deal. As a result of the news, trading for Twitter was halted. 

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News of this comes after the platform revealed they were considering taking up Elon Musk on his offer. The company noted they would consider the offer once the board meets to recommend the transaction to shareholders. Stay tuned for more updates.

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