Elon musk, the richest person one earth bought twitter for $44 billion. On April 14th he offer $44 billion to buy twitter and on April 25th the twitter accepted the offer and the deal got finalized to give the total control of twitter to Elon musk.
According to report market cap of twitter is $37 billion, looking at this figure it is quit a good deal for twitter shareholder. The deal happened at the rate of $54.20 per share.
Before completely taking over he bought 9.1% of shares of twitter and become biggest shareholder of it. He himself announced this on April 4th. After just 10 days, on April 14th he offers $44 billion deal to completely take over the twitter and after 11 days, on April 25th with the agreement of all the board members twitter accepted the deal.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated, I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.” said by Elon musk
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