It’s Official! Twitter Accepts Elon Musk’s Offer To Purchase The Company!

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It’s official! After backwards and forwards with Elon Musk, Twitter has accepted his provide to buy the corporate for roughly $44 billion! CNN experiences that the deal will take the corporate personal, and the billionaire has turn out to be one in every of Twitter’s largest shareholders. With everybody speaking in regards to the buy, let’s get into the tea in regards to the phrases of the deal! CNN states that shareholders will obtain $54.20 in money for every share of Twitter inventory they personal.
This may match Elon’s authentic provide and mark a 38% premium over the inventory worth earlier than Musk revealed his stake within the firm. The StockX and Tesla CEO launched a press release about buying the corporate stating, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital city sq. the place issues very important to the way forward for humanity are debated. ” He added, “Twitter has super potential — I sit up for working with the corporate and the group of customers to unlock it.”

Though the deal, which was unanimously accepted by Twitter’s board, is official, it’s anticipated to be finalized and closed this 12 months. The board met on Sunday to judge Elon’s provide. Twitter unbiased board chair Bret Taylor spoke out in regards to the deal, saying, “The Twitter Board performed a considerate and complete course of to evaluate Elon’s proposal with a deliberate give attention to worth, certainty, and financing.” He additionally mentioned the deal was “one of the best path ahead for Twitter’s stockholders.”

Elon’s identify has trended on-line all day as many Twitter customers expressed issues in regards to the platform’s future. Partly on account of his stance on free speech. One individual tweeted, “Elon Musk higher get on right here, sit down, and don’t contact nothing!” One other tweeted, “Elon Musk now owns Twitter. From today ahead, April twenty fifth is “Twitter Independence Day.”  Roommates, are you trying ahead to the adjustments?

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