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Twitter Accepts Elon Musk's $54.2 Per Share Takeover Bid Worth Nearly $44 Billion
Summary: Twitter, Inc. (NYSE: TWTR) announced Monday that it has accepted the takeover bid from Tesla CEO Elon Musk. Musk's wholly-owned entity will acquire Twitter for $54.20 per share in cash in a deal valued at about $44 billion and is expected to close in 2022. After the deal, Twitter will become a privately held company of ...
Twitter, Inc. (NYSE: TWTR) announced Monday that it has accepted the takeover bid from Tesla CEO Elon Musk. Musk's wholly-owned entity will acquire Twitter for $54.20 per share in cash in a deal valued at about $44 billion and is expected to close in 2022.
After the deal, Twitter will become a privately held company of the world's richest man.
Musk wrote on Twitter: "I hope that even my worst critics remain on Twitter, because that is what free speech means."
Besides emphasizing the importance of free speech for social media, Musk added: "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."
The transaction is subject to Twitter shareholder approval, regulatory approvals, and other customary closing conditions.
Boosted by this news, Bitpush Terminal data shows that Dogecoin has risen by 20% in 24 hours.
By Mary Liu
Tags: Dogecoin,Elon Musk,Twitter
Link: Twitter Accepts Elon Musk's $54.2 Per Share Takeover Bid Worth Nearly $44 Billion [Copy]
