Elon Musk has taken over Twitter. Musk will pay $44 billion for the social network, with shares valued at $54.20 a share.
|Photo by Alexander Shatov on Unsplash|
Elon Musk, the billionaire, has acquired control of Twitter in one of the world’s largest digital acquisitions. Musk will pay $44 billion for the social network, with shares valued at $54.20 a share. Musk revealed his takeover attempt on April 14, referring to it as his “best and last offer.”
However, his proposal prompted Twitter to implement a ‘poison pill defense’ against the hostile acquisition. But, once Musk stated that he had obtained funds, the board entered into talks with the Tesla co-founder.
According to the Wall Street Journal, Musk met “privately with many shareholders of the firm to laud…