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t. e. The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake.
October 2, 2024 at 5:00 AM. Sergei Gapon/AFP/Getty Images. The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to ...
When Musk bought Twitter, Fidelity invested $19.66 million. As of the end of July, it says, those shares were worth just $5.5 million . That puts the total valuation of X at $9.4 billion.
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 ...
[66] [67] On July 12, Twitter opened a lawsuit against Musk to force the sale to proceed. [68] On September 13, 2022, Twitter shareholders voted to approve Elon Musk's takeover of the company. [69] On October 4, 2022, it was reported that Musk offered to proceed with the deal at the original offer price of $54.20 per share.
Details. At the start of 2020, Elon Musk had a net worth of $27 billion. [6] By the end of the year his net worth had increased by $150 billion, mostly driven by his ownership of around 20% of Tesla stock. [7] During this period, Musk's net worth was often volatile. For example, it dropped $16.3 billion on September 8, the largest single-day ...
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 ...
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 ...