Twitter accepts Elon Musk’s $44 bln buyout offer

26/04/2022 Argaam

Logo of Twitter

Twitter Inc. on Monday agreed to sell itself to Elon Musk in a roughly $44 billion deal that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person.  

 

Under the terms of the deal, shareholders will receive $54.20 in cash for each share of Twitter stock they own, matching Musk's original offer and marking a 38% premium over the stock price the day before Musk revealed his stake in the company. 

 

Twitter's stock rose 5.5% to $51.63 at 10:04 pm Makkah time, with market cap reaching $39.4 billion. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read