Elon Musk To Buy Twitter For $44 Billion

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Elon Musk To Buy Twitter For $44 Billion

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Elon Musk To Buy Twitter For $44 Billion

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Elon Musk To Buy Twitter For $44 Billion

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"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," the company's CEO Parag Agrawal said in a tweet.

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Elon Musk To Buy Twitter For $44 Billion

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Elon Musk To Buy Twitter For $44 Billion

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Elon Musk To Buy Twitter For $44 Billion

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Elon Musk To Buy Twitter For $44 Billion

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Elon Musk To Buy Twitter For $44 Billion

Twitter announced the $54.20-per-share deal after a meeting with its shareholders.

Elon Musk To Buy Twitter For $44 Billion

The deal comes just four days after Musk unveiled a financing package to back the acquisition.

Elon Musk To Buy Twitter For $44 Billion

Elon Musk, the world's richest man, struck a deal Monday to buy Twitter for $44 billion

Elon Musk To Buy Twitter For $44 Billion

The publicly traded firm will now become a private company owned by Musk, who negotiated a purchase price of $54.20 per-share, Twitter 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," the company's CEO Parag Agrawal said in a tweet.

Elon Musk To Buy Twitter For $44 Billion

Musk last week lined up around $46.5 billion in financing to make the purchase happen, and Dan Ives, an analyst at Wedbush Securities,

Elon Musk To Buy Twitter For $44 Billion

-predicted earlier in the day that since the board could not find another buyer, it would likely accept his offer.

Elon Musk To Buy Twitter For $44 Billion

"This basically put (their) back against the wall, they had to come to the negotiation table," he said in an interview on CNBC.

Elon Musk To Buy Twitter For $44 Billion

On Wall Street, Twitter stock was trading 5.9 percent higher around 1915 GMT. News Source: https://www.ndtv.com/