Twitter Agrees To Terms On Sale To Elon Musk

1
793

compliments of All Access

April 25, 2022

Elon Musk as he arrives to attend a meeting in Berlin, Germany September 18, 2020.

TWITTER has agreed on sales terms to ELON MUSK at $54.20 per share. The deal is valued at approximately $44 billion. At close of the deal, TWITTER will become a privately held company.

TWITTER’s Independent Board Chair BRET TAYLOR commented, “The TWITTER Board conducted a thoughtful and comprehensive process to assess ELON’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for TWITTER’s stockholders.”

TWITTER CEO PARAG AGRAWAL added, “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.”

Source