Entrepreneur Elon Musk to buy Twitter Inc for $44 billion
Investors will get $54.20 for each Twitter share
Twitter’s board unanimously approved the current deal which would be completed this year
However, it is still a mystery how Musk would cover his $21 bn equity portion
He might resort to other investors, selling stakes or pouring in cash or crypto
Musk is one of Twitter’s most-watched users with over 83 mn followers
Musk began amassing Twitter’s stake of about 9% in January
In March, Musk alleged that Twitter’s algorithms are biased
Later, he offered to take Twitter private
He mainly offered ‘free speech’ on the platform
Related Posts
Add A Comment