<span style="font-weight: 400">According to the latest reports, billionaire and Tesla CEO, Elon Musk, has recently completed a $44 billion buyout of Twitter, paying investors $54.20 for each share of the company they own. As a result, Musk will be in total control of the company.</span>
<h2>An Offer That They Couldn't Refuse!</h2>
<span style="font-weight: 400">The $54.20 sale price is obviously a profit for investors and has proved to be too tempting for the investors to refuse, as the company's board was subjected to intense pressure from its shareholders, who urged the board of directors to proceed with Elon Musk's bid. </span>

<span style="font-weight: 400">Twitter Inc. was contacted in the middle of the month by the Dogecoin influencer, Elon Musk, who made a cash <a href="https://www.cryptoknowmics.com/news/elon-musk-makes-his-best-and-final-offer-to-buy-all-of-twitter/">takeover bid</a> of $43 billion in an attempt to take the company private and nurture free expression on one of the world's most popular social media sites.</span>

<span style="font-weight: 400">Although it is unclear in which direction Elon Musk will lead the company, it is evident that one of the billionaire's first moves will be to establish a tweet editing capability as part of his ambition to establish a free expression platform.</span>
<h2><strong>Speculations About Elon Musk Purchasing Twitter</strong></h2>
<a href="https://www.cryptoknowmics.com/news/twitter-is-in-discussion-to-finalize-the-deal-with-elon-musk/">Speculations</a> about Elon Musk purchasing the social media giant were high since yesterday. On Sunday, the two parties met to discuss Mr. Musk's plan and were making progress, though there were still concerns. Now it remains to be seen whether or not Musk's ownership will help him advance his motives for Dogecoin or the Tesla owner will now show more restrain than ever.

Elon Musk Buys Twitter For $44 Billion

One of the richest men in the world, Elon Musk, buys Twitter for $44 billion after paying investors $54.20 for each share they own

Kay is a content specialist who has a particular interest in the finance and cryptocurrency industries, among others. He is a frequent contributor to a number of finance and cryptocurrency-related websites, where he offers readers with informative and educational articles on the cryptocurrency and financial markets. Aside from that, he is an avid supporter of blockchain technology.

Elon Musk Buys Twitter For $44 Billion

Top Picks