Twitter has announced that it has entered into a definitive agreement to be acquired by Elon Musk for a total of USD 44 billion. Twitter announced that Elon Musk is acquiring Twitter for USD 54.20 per share in cash or approximately USD 44 billion. Upon completion of the transaction, Twitter will become a privately held company. Under the terms of agreement, Twitter stockholders will receive USD 54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. Twitter says that the purchase price represents a 38% premium to Twitter's closing stock price on April 1, 2022, which was the last trading day before Musk disclosed his approximately 9% stake in Twitter. "The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders," said Bret Taylor, Twitter's Independent Board Chair. "Twitter has a purpose and relevance that impacts the entire world. Read more in our articles including "Elon Musk acquires Twitter for USD 44 billion" and "Twitter snaps up TweetDeck for $40 Million".
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Dec 17, 2012Twitter has announced that it has entered into a definitive agreement to be acquired by Elon Musk for a total of USD 44 billion. Twitter announced that Elon Musk is acquiring Twitter for USD 54.20 per share in cash or approximately USD 44 billion.
Upon completion of the transaction, Twitter will become a privately held company. Under the terms of agreement, Twitter stockholders will receive USD 54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. Twitter says that the purchase price represents a 38% premium to Twitter's closing stock price on April 1, 2022, which was the last trading day before Musk disclosed his approximately 9% stake in Twitter.
Our coverage of twitter acquisition includes: "Elon Musk acquires Twitter for USD 44 billion"; "Twitter snaps up TweetDeck for $40 Million"; "Mark Z asks Suze Orman if he can buy Twitter". Each article provides unique insights and information.