BREAKING NEWS | Twitter has agreed to be purchased by Elon Musk.
said that it has “entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion.”
Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. Bret Taylor, Twitter’s Independent Board Chair, said the board assessed Musk’s proposal with a focus on “value, certainty and financing.” Taylor said the transaction “is the best path forward for Twitter’s stockholders.”
Parag Agrawal, Twitter’s CEO, said, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.
Breaking: Twitter accepted Elon Musk’s bid to take over the company, giving the world’s richest man control over the influential social-media network
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UPDATE: Elon Musk Acquires Twitter After Board Accepts Buyout Offer; Wants 'To Make Twitter Better'The Twitter board Monday voted to accept a takeover offer from Tesla CEO Elon Musk in a deal at $46.5 billion.
Read more »
Reports of Elon Musk possibly purchasing Twitter prompts another left-wing eruption: 'RIP Twitter'Reports that Twitter is nearing a possible deal to sell itself to Elon Musk have set off a new wave of teeth-gnashing on the left.
Read more »
Twitter plans to accept Elon Musk's $43 billion buyout offerTwitter's board is reportedly planning to accept Elon Musk's $43 billion buyout offer as early as Monday of this week.
Read more »
Twitter Jumps Over 3% Amid Reports That It Will Accept Elon Musk’s Buyout OfferShares of Twitter added to recent gains and jumped over 3% amid reports that the social media company is in advanced talks to sell itself to Tesla billionaire Elon Musk.
Read more »
With intrepid Twitter bid, Elon Musk is in battle with naysayersAlong came Elon Musk, the mercurial, visionary billionaire with a novel idea: Let’s take Twitter private and fix its business problems away from the constant public scrutiny.
Read more »
WSJ News Exclusive | Twitter Re-Examines Elon Musk’s Bid, May Be More Receptive to a DealTwitter is re-examining Elon Musk’s $43 billion takeover bid after he lined up financing, a sign the company may be more open to a deal, people familiar say
Read more »