Twitter agrees to the $44bn bid of Elon Musk

 Twitter agrees to the $44bn bid

Twitter agrees to the $44bn bid

Elon Musk is officially going to purchase Twitter. After offering an unignorable deal, Elon Musk finally gets Twitter for $44Billion. Musk revealed a 9% stake in Twitter on April 4, 2022. In little time, his passive stake turned into a deal for Twitter. This Monday, Twitter officially accepted the bid Elon Musk had thrown at them.


Elon Musk is the owner of multiple multi-million USD worth companies. Adding another company to his list, Twitter will become the first social platform owned by Musk.


Musk started collecting Twitter shares in January. On April 4, he informed netizens that he aims to become the company's biggest single shareholder. He started yelling to bring changes to Twitter, such as diminishing its rules over what users are authorized to post, prohibiting bots that post spam, and constructing its algorithm public.


Musk's bid to buy Twitter concludes with the board of Twitter having agreed to a $44bn (£34.5bn) takeover offer from Elon Musk. Elon will pay for Twitter using $25.5 billion in debt and margin loan financing with $21 billion in equity commitments.


All Twitter shareholders will receive $54.20 per share in cash, a 38% premium to Twitter's closing stock price on April 1, 2022.


Elon musk twitter - FAQ

 

why does Elon musk want twitter / why does Elon musk want to buy Twitter

To bring changes to Twitter, such as diminishing its rules over what users are authorized to post, prohibiting bots that post spam, and constructing its algorithm public.

Elon Musk Twitter takeover

Elon Musk is officially going to purchase Twitter. After offering an unignorable deal, Elon Musk finally gets Twitter for $44Billion. Elon musk buys Twitter.

Elon Musk's net worth

265Billion USD.

What will Elon musk do with Twitter?

He will bring some initial changes to the platform. However, it is still not guaranteed if any headliner changes will happen.