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Twitter announced on Monday that it has entered into a deal to be acquired by Tesla CEO Elon Musk for $44 billion.Twitter shareholders will receive $54.20 per share, and when the deal is finalized ...
On April 14, Musk made an unsolicited and non-binding offer to Twitter to purchase the company for $43 billion, or $54.20 per share, and take it private. [18] Though the offer was made to company management, the bid was described as a hostile takeover attempt because of the implied threat to purchase the outstanding stock if management declined.
The purchase price represents a 38% premium over Twitter’s closing stock price on April 1, 2022, which was the last trading day before Musk disclosed his approximately 9% stake in Twitter ...
Following months of endless twists and turns, the $44 billion Twitter saga has finally come to an end and the “bird is freed,” as Elon Musk tweeted on Oct. 27. The New York Stock Exchange has ...
Under the terms of the accord, Musk agreed to purchase the company’s outstanding common stock at $54.20 per share, roughly $44 billion. As of Tuesday, Twitter was trading around $34 a share.
After weeks of drama, Elon Musk has finalized a deal to buy Twitter, the platform on which the world's richest man frequently makes flippant remarks and employs middle-school humor. Previously the ...
After GameStop's stock closed up 92.7 percent on January 26, business magnate Elon Musk tweeted "Gamestonk!!" [b] —a reference to the "stonks" meme rising in popularity at the time—along with a link to the r/wallstreetbets subreddit. [32] A brief, sharp rise in the share price to over $200 followed Musk's tweet. [33]
Following Twitter's change in ownership, Musk began referring to the platform as "X/Twitter" [111] [112] [113] and "X (Twitter)", [114] and renamed several features to remove references to bird-oriented terminology, including Birdwatch to Community Notes [115] and Quote Tweets to Quotes. [116] On July 23, 2023, Musk confirmed the rebrand, which ...