Tuesday, October 4, 2022

Tesla’s Elon Musk secured a huge deal to buy Twitter for $44 Billion

Tesla’s Elon Musk has agreed on deal to acquire Twitter for $44 billion in a move that would solidify his economic empire and power. At TED 2022, it was clear that there had negotiations about the transaction before then. However, the outcome still seemed unknown.

Negotiations appear to have picked up speed over the weekend. It possibly as a result of Twitter finally caving in to Musk’s outrageous financial offer. Media reports that Twitter stockholders will get $54.20 per share in cash under the terms of the agreement.

An obviously overjoyed Elon Musk took to Twitter to express his delight on deal. He is now able to invest in and unleash the digital town squarepotentials. Free expression is the foundation of a functional democracy. Twitter is the digital town square where things crucial to humanity’s future have argued.

To review Elon’s proposal in a comprehensive manner, the Twitter Board focused on its value, predictability and finance. The merger is still subject to shareholder and regulatory approval at the time of this writing, despite its enormous global impact. The company’s shares surged by almost 6% and is currently trading at approximately $51.84 per share.

Read Also: Twitter took action and banned misleading advertisements about climate change

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