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Acquisition of Twitter by Elon Musk. Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 28, 2022. Musk stated he intended to buy Twitter to build X, an "everything app" he had been developing since 2018 to mimic the Chinese app WeChat. [ 1]
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 ...
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 ...
Musk offered to buy Twitter for $54.20 per share; Twitter responded by creating a new class of preferred stock priced at $420. Not surprisingly, buying a publicly traded company is more ...
In November 2021, Musk proposed on Twitter to sell 10% of his Tesla stock, since "much is made lately of unrealized gains being a means of tax avoidance". [147] After more than 3.5 million Twitter accounts supported the sale, Musk sold $6.9 billion of Tesla stock within a week, [ 147 ] and a total of $16.4 billion by year end, reaching the 10% ...
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 ...
Elon Musk in 2023. Musk's net worth from 2013 to 2023 as estimated by Forbes magazine. Elon Musk made $175.8 million when PayPal was sold to eBay in October 2002. [ 1] He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion. [ 2] He is the founder, chairman, CEO, and CTO of SpaceX; angel investor, CEO ...
How much did Elon Musk pay to buy Twitter (X)? Musk's purchase of Twitter stock before his announcement to acquire the company involved buying shares at prevailing market prices over a period.