Elon Musk To Purchase Twitter

SAN FRANCISCO, Ca. — Twitter, Inc. (NYSE: TWTR) immediately introduced that it has entered right into a definitive settlement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in money in a transaction valued at roughly $44 billion. Upon completion of the transaction, Twitter will grow to be a privately held firm.

Under the phrases of the settlement, Twitter stockholders will obtain $54.20 in money for every share of Twitter widespread inventory that they personal upon closing of the proposed transaction. The buy value represents a 38% premium to Twitter’s closing inventory value on April 1, 2022, which was the final buying and selling day earlier than Mr. Musk disclosed his roughly 9% stake in Twitter.

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