The deal represents a 38% premium to Twitter’s stock price at the close of trading on April 1st.
American businessman Elon Musk has signed an agreement to buy Twitter Inc. He acquired one of the most popular social networks worth $ 44 billion, according to a Twitter statement published by PR Newswire on Monday, April 25th.
“Twitter, Inc. announced today that it has entered into a specific agreement that will take a wholly owned Elon Musk company for $ 54.2 per share of cash in a deal worth approximately $ 44 billion. When completed that the transaction, Twitter will be a privately held company, “it said in a statement.
The deal was a 38% premium to Twitter’s stock price at the close of trading on April 1, 2022, which was the last trading day before Musk bought more than 9% of Twitter for $ 2.64 billion.
In turn, Elon Musk spoke about the huge potential of Twitter.
“I want to make Twitter better than ever by adding new features to the product, making algorithms open to building trust, beating spam bots, and authenticating to everyone. Twitter has great potential. – I look forward to working with this company, “said the businessman.
Earlier in April, the head of Roscosmos, Dmitry Rogozin, said Musk was not interested in the galaxy, but in power on Earth. According to him, Musk wants to be a media mogul by buying media and social networks.
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Source: korrespondent
