Elon Musk to acquire Twitter for $44 billion, take it private

Business / Elon Musk to acquire Twitter for $44 billion, take it private
Business - Elon Musk to acquire Twitter for $44 billion, take it private
Tesla CEO Elon Musk has become the new owner of Twitter. Musk has made a deal of $ 44 billion, i.e. 3,368 billion rupees to buy this micro blogging site. Twitter's independent board chairman Brett Taylor gave information about the deal with Musk in a press release at 12.24 pm Indian time.


Musk will have to pay $ 54.20 (Rs 4,148) for every share of Twitter. He already has a 9% stake in Twitter. He is the largest share holder of Twitter. After the latest deal, he will have 100% stake in the company and Twitter will become his private company.


What's in the deal and how did it get approved?

According to the report of CNN, after becoming a company owned by Elon Musk, all the shareholders of Twitter will get $ 54.20 i.e. Rs 4,148 cash for every share. This share price is 38% higher than before Musk disclosed his 9% stake in Twitter.


Musk said last week that he had financed $46.5 billion to buy Twitter. After this, the board of Twitter took a fresh look at Musk's offer. On Sunday, an important meeting of Twitter's board was also held to discuss Musk's offer.


Twitter's stock rose 6% on deal talk

On Monday, discussions continued throughout the day about Elon Musk buying Twitter. This had led to a 6% jump in Twitter's stock. After coming into the hands of Musk, people expect big growth in the company. Musk himself has also said that Twitter has a lot of potential.


Supporters of Freedom of Speech on Twitter

Elon Musk is the richest businessman in the world. He is in favor of Freedom of Speech. He also cited the reason behind his intention to buy Twitter that the freedom of speech on this social media platform is under threat and he wants to ensure that it remains. The profile of Musk can be understood from the graphic below.

Disclaimer

अपनी वेबसाइट पर हम डाटा संग्रह टूल्स, जैसे की कुकीज के माध्यम से आपकी जानकारी एकत्र करते हैं ताकि आपको बेहतर अनुभव प्रदान कर सकें, वेबसाइट के ट्रैफिक का विश्लेषण कर सकें, कॉन्टेंट व्यक्तिगत तरीके से पेश कर सकें और हमारे पार्टनर्स, जैसे की Google, और सोशल मीडिया साइट्स, जैसे की Facebook, के साथ लक्षित विज्ञापन पेश करने के लिए उपयोग कर सकें। साथ ही, अगर आप साइन-अप करते हैं, तो हम आपका ईमेल पता, फोन नंबर और अन्य विवरण पूरी तरह सुरक्षित तरीके से स्टोर करते हैं। आप कुकीज नीति पृष्ठ से अपनी कुकीज हटा सकते है और रजिस्टर्ड यूजर अपने प्रोफाइल पेज से अपना व्यक्तिगत डाटा हटा या एक्सपोर्ट कर सकते हैं। हमारी Cookies Policy, Privacy Policy और Terms & Conditions के बारे में पढ़ें और अपनी सहमति देने के लिए Agree पर क्लिक करें।