Rachel Ramsey

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Elon Musk to buy Twitter for $44 billion

As of Monday Twitter has agreed to sell itself to Elon Musk for around $44 billion.

The deal caps off a whirlwind news cycle in which the Tesla and SpaceX CEO became one of Twitter's largest shareholders, was offered and turned down a seat on its board and bid to buy the company — all in less than a month.
Under the terms of the deal, shareholders will receive $54.20 in cash for each share of Twitter stock they own, matching Musk's original offer and marking a 38% premium over the stock price the day before Musk revealed his stake in the company.

More: CNN


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