BREAKING: Elon Musk and Twitter have entered into a 'definitive agreement' for the tech mogul to purchase the media company for approximately $44 billion, the company said.
PUBLISHED 7:34 AM ET Apr. 25, 2022Elon Musk and Twitter have entered into a "definitive agreement" for the tech mogul to purchase the media company for approximately $44 billion, the company"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said in a statement.
Musk will purchase the company at a price of $54.20 per share, and upon completion of the transaction, Twitter will become a privately held company. Twitter and Musk spoke Sunday and into the early hours Monday, The New York Times reported, less than two weeks after the billionaire first revealed a 9 percent stake in the platform that he uses to promote his interests, attack critics and opine on social and economic issues to his more than 83 million followers.
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