Channel: ABI News

Category: Entertainment

Tags: share market newselon musk 44 billion dollar twitterelon musk twitter ceotwitter shareelon muskelon musk twitterelon musk owner twitterlatest news elon muskelon musk news

Description: Elon Musk to acquire Twitter for $44 billion, take it private Billionaire entrepreneur Elon Musk agreed to buy Twitter Inc for $44 billion cash, using one of the biggest leveraged buyout deals in history to take private a 16-year-old social networking platform that has become a hub of public discourse and a flashpoint in the debate over online free speech.Investors will receive $54.2 for each Twitter share they own, the company said in a statement Monday. The price is 38% more than the stock’s close on April 1, the last business day before Musk disclosed a significant stake in the company, sparking a share rally.