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[146] [147] Musk later stated that he believed Twitter's long-term value would exceed the price of $54.20 per share, which he considered an overpayment. [148] On October 20, The Washington Post reported that Musk intended to terminate 75 percent of Twitter's staff, and that Twitter executives were keen on selling the company to Musk so they ...
Elon Musk paid $54.20 per share for Twitter when he completed his acquisition on Oct. 28, 2022. The total purchase price was approximately $44 billion. ... See all deals. In Other News.
That’s a 78.7% drop. Buying Twitter was a $46.5 billion deal: $44 billion went to shareholders and about $2.5 billion went to expenses. Musk and his coinvestors put about $33 billion into the ...
"The intention of the company is to close the transaction at $54.20 per share." Musk initially agreed to buy Twitter in April for $54.20 per share, but soon pulled out of the deal on July 8 ...
On April 4, Musk agreed to a deal that would appoint him to Twitter's board of directors and prohibit him from acquiring more than 14.9% of the company. [211] [212] However, on April 13, Musk made a $43 billion offer to buy Twitter, launching a takeover bid to buy 100% of Twitter's stock at $54.20 per share.
Elon Musk completed his acquisition of Twitter in October 2022; Musk acted as CEO of Twitter until June 2023 when he was succeeded by Linda Yaccarino.In a move that, despite Yaccarino's accession, was widely attributed to Musk, [1] [2] Twitter was rebranded to X on July 23, 2023, [3] and its domain name changed from twitter.com to x.com on May 17, 2024.
The U.S. Securities and Exchange Commission has given Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, a source ...
The deal values Twitter stock at about $54 a share, above the $39 that the stock was trading at before Musk's interest in the company became clear in early April, when he purchased a 9% stake in ...