Big Law

Twitter Enters a $44 Billion Acquisition Deal With Elon Musk

Twitter (TWTR) announced on Monday that it has entered into a deal to be acquired by Tesla CEO Elon Musk for $44 billion. Twitter shareholders will receive $54.20 per share, and when the deal is finalized the social network will become a privately held company.

Twitter trading was halted Monday afternoon ahead of the news. Shares were up 6% just after 3:30 p.m. EST.

“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 following the announcement.

Read the source article at Yahoo Finance

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