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Elon Musk buys Twitter for $44 bn

Elon Musk buys Twitter

Elon Musk buys Twitter at $44 billion

Elon Musk buys Twitter – Elon Musk agreed to buy Twitter Inc for $44 billion on Monday, giving the world’s richest person ownership of the social media network utilized by millions of individuals and international leaders. 
richest person. 
 
The talks accelerated over the weekend when Musk wooed Twitter shareholders with financial specifics of his bid, which had appeared shaky the week before. 
 
Under duress, Twitter launched negotiations with Musk to buy the company for $54.20 per share. 
 
Twitter has been a publicly traded corporation since its first public offering in 2013. 
 
“Free speech is the cornerstone of a successful democracy, and Twitter is the digital town square where matters critical to humanity’s future are debated,” Musk said in a statement. 
 
Twitter’s shares increased by roughly 6% as a result of the announcement.

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