Elon Musk, Successfully Purchases Twitter, for $44 Billion.<br />NBC reports that Twitter has officially accepted <br />billionaire Elon Musk's $44 billion offer to buy <br />the social media company and take it private. .<br />NBC reports that Twitter has officially accepted <br />billionaire Elon Musk's $44 billion offer to buy <br />the social media company and take it private. .<br />The announcement was made on April 25. .<br />In response, the stock was halted <br />until the news broke but was up<br />over 6% once trading resumed. .<br />Free speech is the bedrock of a functioning <br />democracy, and Twitter is the digital <br />town square where matters vital to the <br />future of humanity are debated, Elon Musk, Press release, via NBC.<br />Free speech is the bedrock of a functioning <br />democracy, and Twitter is the digital <br />town square where matters vital to the <br />future of humanity are debated, Elon Musk, Press release, via NBC.<br />I also want to make Twitter better than ever <br />by enhancing the product with new features, <br />making the algorithms open source to <br />increase trust, defeating the spam bots, <br />and authenticating all humans, Elon Musk, Press release, via NBC.<br />Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it, Elon Musk, Press release, via NBC.<br />According to the new agreement,<br />Twitter stockholders will receive $54.20 <br />in cash for each share of Twitter common stock.<br />The purchase price reportedly <br />represents a 38% premium to Twitter's <br />closing stock price on April 1. .<br />NBC reports that was the last <br />trading day before Musk revealed <br />his approximate 9% stake in Twitter. .<br />The Twitter Board conducted <br />a thoughtful and comprehensive process <br />to assess Elon’s proposal with a deliberate <br />focus on value, certainty, and financing. , Bret Taylor, Twitter’s Independent Board Chair, via NBC.<br />The Twitter Board conducted <br />a thoughtful and comprehensive process <br />to assess Elon’s proposal with a deliberate <br />focus on value, certainty, and financing. , Bret Taylor, Twitter’s Independent Board Chair, via NBC.<br />The proposed transaction will deliver <br />a substantial cash premium, and we <br />believe it is the best path forward <br />for Twitter’s stockholders, Bret Taylor, Twitter’s Independent Board Chair, via NBC
