Musk’s Takeover of Twitter Raises Loads of Questions – Daily Access News
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Musk’s Takeover of Twitter Raises Loads of Questions

What Are Musk's Intentions With Twitter?

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In a deal that has sent shockwaves through both the media and technology industries, Twitter announced on Monday that it had brokered a deal to sell its popular social media platform to Elon Musk.

Details of the Deal

The Tesla and SpaceX CEO will pay approximately $44 billion for the rights to lead the platform. This impending deal will move Twitter from a publicly traded company to the private space. Musk will pay all shareholders $54.20 in cash for each share they own. This amount is what Musk had originally offered the shareholders when he set this plan in motion about one month ago. The $54.30 was the amount that the stock was valued at the day before Musk announced his intentions to purchase the company.

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