Business Standard

Elon Musk clinches deal to buy Twitter for $44 billion

Twitter's shares were up about 6% following the news

Twitter
Premium

The deal ends Twitter's run as a public company since its 2013 initial public offering

Reuters
Elon Musk clinched a deal to buy Twitter Inc for $44 billion on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person.
 
Discussions over the deal, which last week appeared uncertain, accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer.
 
Under pressure, Twitter started negotiating with Musk to buy the company at the proposed $54.20 per share price. The deal ends Twitter's run as a public company since its 2013 initial public offering.

"Free speech is the

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in