Elon Musk strikes deal to buy Twitter for $44bn
The world's richest man Elon Musk completed the acquisition of Twitter on Monday with a $44 billion deal, capping a saga that began with hostile takeover threats. The deal gives him direct control of one of the world's most popular social media platforms.
It is anticipated that Twitter's board will unanimously approve the deal by year's end. Earlier this week, Musk revealed he had arranged $46.5 billion in financing to acquire Twitter. This appears to have prompted the company's board to consider the deal seriously. Earlier this week,
Elon Musk revealed he had arranged $46.5 billion in financing to acquire Twitter.
Earlier in the day, Dan Ives, an analyst at Wedbush Securities, predicted that Musk's offer would likely be accepted since the board could not find another buyer...