Twitter Accepts Elon Musk's Acquisition Offer | SENATUS



Twitter Accepts Elon Musk's Acquisition Offer
By SENATUS Editor | 26 April 2022

Elon Musk has officially acquired Twitter on 25 April 2022, in a transaction valued at $44 billion.

The deal came 21 days after Musk took a 9.2% stake in Twitter Inc. on April 4. The $54.20 per share price will give shareholders a 38% premium to Twitter’s closing stock price on the first of April. That was the last trading day Twitter had prior to Musk’s offer to purchase the social media firm.

Elon Musk also made a statement during the acquisition announcement on Monday and he highlighted how free speech is needed in society. “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,” Musk explained. The Tesla executive and now owner of Twitter further said:

"I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it."

1 Photo | View Photos

Fashion & Style

Tod's "Italian Garden" pop-up at Marina Bay Sands in Singapore

Fashion & Style

Opening launch of CELINE Plein Soleil Pop-Up at Takashimaya Shopping Centre in Singapore

Art & Culture

Oppenheimer wins big at the Oscars - Best Picture, Best Director, Best Actor and Best Supporting Actor amongst 7 awards

Art & Culture

Louis Vuitton showcases Frank Gehry collaborations at Art Basel Miami Beach

Art & Culture

i Light Singapore 2024

Art & Culture

Rolex celebrates Oscars 2024 - "Every hero needs an ally"

All Rights Reserved. SENATUS © 2024

SENATUS is a registered trademark of SENATUS PTE LTD. The material on this site may not be reproduced, distributed, transmitted, cached or used otherwise, except as expressly permitted in writing by SENATUS.