Elon Musk Purchases Twitter for $44 Billion, Social Media Company Will Transition to a Private Company

Elon Musk Purchases Twitter for $44 Billion, Social Media Company Will Transition to a Private Company

On Monday, Twitter announced that Elon Musk has officially acquired the social media platform for $54.20 per share in a transaction valued at $44 billion. After the transaction completes, Twitter will transition to a private company.
Tesla’s Elon Musk officially acquired Twitter on April 25, 2022, in a transaction valued at $44 billion. The deal came 21 days after Musk took a 9.2% stake in Twitter Inc. on April 4. The $54.20 per share price will give shareholders a 38% premium to Twitter’s closing stock price on the first of April. That was the last trading day Twitter had prior to Musk’s offer to purchase the social media firm.

Resource: News.Bitcoin