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Nairaland Forum / Science/Technology / Phones / It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private (33756 Views)
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It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by fergie001: 7:55pm On Apr 25, 2022 |
It's official: Elon Musk is buying Twitter for $54.20 per share and taking it private SOURCE Twitter, Inc (NYSE TWTRI today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $5420 per share in cash in a transaction valued at approximately $44 billion Upon completion of the transaction, Twitter will become a privately held company Under the terms of the agreement, Twitter stockholders will receive $5420 in cash for each share of Twitter common stock that they own upon dosing of the proposed transaction. The purchase price represents a 38% premium to Twitter's closing stock price on April 1, 2022, which was the last trading day before Mr Musk disclosed his approximately 9% stake in Twitter Bret Taylor, Twitters Independent Board Chair, said 'The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders Parag Agrawal, Twitters CEO, said, 'Twitter has a purpose and relevance that impacts the entire world Deeply proud of our teams and inspired by the work that has never been more important.' "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," said Mr Musk "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase MIA defeating the spam bots, and authenticatIng all humans Twitter has tremendous potential - I look forward to working wIth the .mpany and the community of users to unlock it' 13 Likes
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Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by fergie001: 7:59pm On Apr 25, 2022 |
Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company. ELON MUSK BUYS TWITTER - Twitter's board approves deal - $54.20 per share, $44B total - Will become private company - Musk: 'Free speech is bedrock of democracy' - Musk: Adding new features, open source algorithm - Musk vows to defeat spam bots, 'authenticate all humans' 62 Likes 6 Shares
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Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by VoteTinubu2023: 8:01pm On Apr 25, 2022 |
Democrats don enter am. ![]() What I will like to see is how Elon will handle Twitter. Being an outspoken advocate for free Speech, I will like to see the policy that will shape the administration of Twitter. I believe Trump's Twitter account restoration will be first on his list. By the way, Remember to Vote Tinubu 2023. God bless Asiwaju Bola Ahmed Tinubu. 64 Likes 4 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by FactBoyz: 8:01pm On Apr 25, 2022 |
Great News! All these shadow banning by Twitter employees favouring Democrats and Liberal Lunatics is about to stop. Since, Twitter banned the Babylon Bee, Elon took this personal. Trump should be reinstated too. Free Speech in our times is much needed. Libs are having a meltdown ![]() ![]() ![]() God bless Elon Musk, the first African American to own a major Social Media Company. God bless Donald J Trump God Bless Peter Obi. Factboyz 163 Likes 4 Shares
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Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by surrogatesng: 8:02pm On Apr 25, 2022 |
1 Like |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by DJGiore: 8:02pm On Apr 25, 2022 |
money man, jack will just flow another unique social media.....download this fuji mix in naija dj mix.com 20 Likes 1 Share |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by Lexusgs430: 8:02pm On Apr 25, 2022 |
Time to cash out........ ![]() 8 Likes 2 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by slawormiir: 8:02pm On Apr 25, 2022 |
Damnnn niggar Damnnn...Damnnn......damnnnnn niggarrrrrrrrrrrrrr 44 billion dolls Damnnnn....wwhhaatt ddaa ffuucckk! 71 Likes 3 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by sogodihno: 8:02pm On Apr 25, 2022 |
Baba olowo. ![]() ![]() Rituals can not give you this kind of money. Say no to Rituals Seun, I wan buy Nairaland, I am offering #20M, email me let's seal the deal. 239 Likes 12 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by Burgerlomo: 8:02pm On Apr 25, 2022 |
It's a done deal 7 Likes 3 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by NamelessOGBENI(m): 8:02pm On Apr 25, 2022 |
It's a win-win for me and my nigga. 7 Likes 2 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by Agwotulumbe(f): 8:02pm On Apr 25, 2022 |
kai this people just dey quote money like say money no be anything and like say money na just figures. God I just need 0.01% of this money ![]() 24 Likes 1 Share |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by Laggafin: 8:02pm On Apr 25, 2022 |
E don be.. money too sweet.. I must get ds muney 8 Likes 2 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by Prettylima(f): 8:03pm On Apr 25, 2022 |
Elon Musk is a smart business man Click like if you believe ![]() 82 Likes 2 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by BizBayo: 8:03pm On Apr 25, 2022 |
Doings #Respect 9 Likes |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by Ayilara1(m): 8:03pm On Apr 25, 2022 |
E 3 Likes |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by espn(m): 8:03pm On Apr 25, 2022 |
Genius... 3 Likes 3 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by Burgerlomo: 8:03pm On Apr 25, 2022 |
Twitter accepted our 44 billion dollar offer ![]() 21 Likes 1 Share |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by saintjimos(m): 8:04pm On Apr 25, 2022 |
Cash out for shareholders 5 Likes |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by adeola1097: 8:04pm On Apr 25, 2022 |
Smart man. no matter how evil money is, don’t think being broke is holy. Just have money and lots of it. 42 Likes 1 Share
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Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by NowisGod109(f): 8:04pm On Apr 25, 2022 |
I see everybody is commentless lol 17 Likes 3 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by Manny21: 8:04pm On Apr 25, 2022 |
Just imagine, one share for 30k. God punish poverty 21 Likes 1 Share |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by lailo: 8:04pm On Apr 25, 2022 |
Another ponzi scheme ![]() 3 Likes 1 Share |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by obicoolnino: 8:04pm On Apr 25, 2022 |
W 1 Like |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by Spactacle(m): 8:04pm On Apr 25, 2022 |
I wish he's buying Nigeria instead ![]() ![]() ![]() 26 Likes 3 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by NwaNimo1(m): 8:04pm On Apr 25, 2022 |
31 Likes 2 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by Holluwhakemmy(f): 8:04pm On Apr 25, 2022 |
Money is talking 7 Likes 2 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by THURAFTERNOON: 8:04pm On Apr 25, 2022 |
Doge as method of payment = pump 6 Likes |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by TroubleMaker47(m): 8:04pm On Apr 25, 2022 |
Sad day! This guy would definitely put the edit button on tweets and that would make twitter lose its authenticity! 16 Likes 1 Share |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by oluwaseyi0: 8:04pm On Apr 25, 2022 |
too much money 9 Likes 3 Shares |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by treatise: 8:04pm On Apr 25, 2022 |
fergie001: Benin musician say MONEY say if him nor dey make man nor talk otherwise yawa go dey 1 Like |
Re: It's Official: Elon Musk Is Buying Twitter For $54.20/Share & Taking It Private by Inspirer1: 8:04pm On Apr 25, 2022 |
Keep on moving on,,,, continuous quest for success |
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