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Elon Musk To Acquire Twitter For 44 Billion
Twitter announced this afternoon that the company accepted Elon Musk’s $44 billion deal to buy the company and take it private.
As per the company’s release, the Board unanimously approved the purchase.
The deal is subject to the approval of Twitter stockholders, the receipt of applicable regulatory approvals and the satisfaction of other closing conditions.
Twitter stockholders will receive $54.20 per share in cash for each share of Twitter’s common stock they own. That is roughly a 38 per cent premium based on Twitter’s closing price back on April 1.
Source: Re-posted and Summarized from Scott Nordlund at driveteslacanada.
My Take: Elon got what he wanted. Not sure what his plans are though.
Re Posted From: Elon Musk To Acquire Twitter For 44 Billion
Twitter announced this afternoon that the company accepted Elon Musk’s $44 billion deal to buy the company and take it private.
As per the company’s release, the Board unanimously approved the purchase.
The deal is subject to the approval of Twitter stockholders, the receipt of applicable regulatory approvals and the satisfaction of other closing conditions.
Twitter stockholders will receive $54.20 per share in cash for each share of Twitter’s common stock they own. That is roughly a 38 per cent premium based on Twitter’s closing price back on April 1.
Source: Re-posted and Summarized from Scott Nordlund at driveteslacanada.
My Take: Elon got what he wanted. Not sure what his plans are though.
Re Posted From: Elon Musk To Acquire Twitter For 44 Billion