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From hostile takeover bid to ‘best and final deal’: Here’s how Elon Musk-Twitter deal unfolded
New Delhi: Elon Musk, the world's richest person, acquired Twitter in a $44 billion deal on April 25, 2022, 11 days after announcing his bid for the company.
Twitter announced that the public company will become privately held after the acquisition is complete.
In a filing with the Securities and Exchange Commission for his initial bid for the company, Musk stated, “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.”
Updated:Apr 26, 2022, 04:30 PM IST
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Elon Musk net worth
Elon Musk is the richest person on the planet, with a net worth of nearly $260 billion. He has stated several times that he wants Twitter to remain a "free speech" platform.
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Twitter shareholders
The top Twitter shareholders as of April 15, 2022, before Musk's takeover.
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Twitter stock price
Elon Musk has purchased Twitter at a price that is higher than the stock's latest closing price.
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Elon Musk stake
Musk began the process by purchasing a 9.2 percent stake in Twitter earlier this month.
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Elon Musk's Twitter acquisition
Elon Musk, the tech billionaire who also owns SpaceX and Tesla, has reached an agreement to buy a 100% share in Twitter for $44 billion.
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