Thursday, 1 December 2022
Trending
Businesses

Elon Musk To Buy Twitter For $44 Billion

Elon Musk agreed a deal to buy Twitter for $44 billion on Monday in a transaction. That will shift control of the social media platform twitter to the world’s richest person.

Discussions over the deal, which last week appeared uncertain, accelerated over the weekend. After Musk wooed Twitter shareholders with financing details of his offer.

Under pressure, Twitter started negotiating with Musk to buy the company at the proposed $54.20 per share price. read more

The deal ends Twitter’s run as a public company since its 2013 initial public offering.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Elon Musk said in a statement.

Twitter’s shares were up about 6% following the news.

tax accounting services top tax consultants lahore pakistan
Ads:
Related posts
Businesses

Launch of 5G again Delayed in Pakistan

Table of Contents Launch of 5G again Delayed in Pakistan Launch of 5G again Delayed in…
Read more
Businesses

Is Elon Musk Charging for Twitter

Table of Contents Is Elon Musk Charging for Twitter Is Elon Musk Charging for Twitter Is Elon…
Read more
Businesses

Latest About Pakistan Industrial Expo 2022

Table of Contents Latest About Pakistan Industrial Expo 2022Items to show case at ExpoDate, time…
Read more
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.