Elon Musk Buys Twitter for $44B On 25 April 2022

Twitter said Monday that it has decided to sell itself to SpaceX and Tesla CEO in a $44 billion offer that may extend the billionaire’s corporate empire and put the world’s richest man in the power of one of the number one social networks.

The agreement, which will take the company private, comes at the end of a dizzying month in which the Elon Musk became one of Twitter’s top owners, was offered and declined a seat on its board, and made an offer to purchase the company – all in less than a month.

Elon Musk Net Worth 2022
Elon Musk Net Worth 2022

According to the terms of the agreement, stockholders would get $54.20 in cash for each share of Twitter stock they own, matching Musk’s original offer and representing a 38% premium above the current price.

Latest Tweet By Elon Musk

Why Did Elon Musk Buy Twitter?

Elon Musk Buys Twitter with a promise that he’ll decrease the censorship on the platform. He wants Twitter to realize its “extraordinary potential,” he believes, and he’s not even interested in getting profits from it. He already has much, and multibillionaires can afford to have multiple objectives.

How Did Elon Musk Get The Money To Buy Twitter?

Musk collected $46.5 billion to pay his buyout of Twitter, with his own assets accounting for two-thirds of that total. Musk’s share includes a massive $12.5 billion margin loan secured by his Tesla Inc. equity holding. The remaining is backed by Twitter’s own assets in a standard leveraged buyout transaction.

Who Owns Twitter Now?

Elon Musk to acquire Twitter in a $44 Billion Deal.

Has Twitter Sold To Elon Musk?

Twitter has made an agreement with Elon Musk, giving the world’s richest man ownership of Twitter with far-reaching political and social impacts. According to a Twitter release, Elon Musk would pay around $44 billion, or $54.20 per share, to take the social platform private.

How Much Share Does Elon Musk Own In Twitter?

9.2%

Elon Musk owns 9.2% of Twitter, and Vanguard, a US asset management firm, is the largest shareholder with more than 10%. But after this deal, Elon Musk will be holding most of Twitter. Once the deal is complete, which is expected by this year, Twitter will become a privately held company.

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