Musk Reaches Deal to Buy Twitter for $44 Billion
Twitter on Monday reached an agreement to sell itself to Elon Musk for approximately $44 billion, leaving one of the world’s richest men in control over one of the most influential social media platforms.
The price per share agreed in Monday’s deal is higher than the roughly $48 that the company was trading at before Musk first announced his stake, but significantly lower than the $70 shares were trading at last year.
Musk has said that he views the acquisition of Twitter as way to protect free speech, declaring during a conference earlier this month that the offer was “not a way to sort of make money.”
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