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Salesforce co-CEO and Twitter chairman Bret Taylor chats with Yahoo Finance Presents about the deal for the social media platform. ... to buy Twitter for $44 billion or $54.20 a share on April 25 ...
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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 ...
The price of $54.20 per share is believed to be a reference to 420, a slang term in cannabis culture for marijuana consumption. [25] On April 15, Twitter's board of directors announced a "poison pill" strategy which would allow shareholders to purchase additional stock in the event of a hostile takeover; the plan expired on April 14, 2023. [26]
Twitter's shares fell, [14] leading company officials to sue Musk in Delaware's Court of Chancery on July 12. [15] On October 4, Musk announced his intention to purchase the company as he had agreed, for $44 billion, or $54.20 a share; [16] the agreement closed on October 27. By October, 2024, X was worth less than 80% of what it was acquired ...
Once Elon Musk bought Twitter, the social network he acquired in October 2022 for $44 billion, he rolled out a major reorganization, often relying on executives from his other companies for the ...
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