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The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake.
Elon Musk acquired Twitter at $44 billion, but investors have been writing down its paper value. Samuel Corum/Getty Images Elon Musk's $44 billion Twitter buyout was seen by many as overpriced.
Twitter has accepted Elon Musk's buyout offer. For premium support please call: 800-290-4726 more ways to reach us
Donald Trump Twitter account displayed on a laptop screen and Elon Musk Twitter account displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on November 22, 2022.
Musk's plan to fund the buyout includes $33.5 billion in equity, up from the initial $27.25 billion, according to a regulatory filing.
Elon Musk has agreed to purchase Twitter for $44 billion in a sale that will result in Twitter becoming a private company once again. ... Twitter accepts Elon Musk's bid to buyout the company.
Elon Musk completed his acquisition of Twitter in October 2022; Musk acted as CEO of Twitter until June 2023 when he was succeeded by Linda Yaccarino.In a move that, despite Yaccarino's accession, was widely attributed to Musk, [1] [2] Twitter was rebranded to X on July 23, 2023, [3] and its domain name changed from twitter.com to x.com on May 17, 2024.
Elon Musk’s tumultuous $44 billion bid to buy Twitter is on the verge of collapse — after the Tesla CEO sent a letter to Twitter's board saying he is terminating the acquisition. Twitter did ...