Elon Musk bought Twitter, the company was sold for $ 44 billion, know everything here

Twitter has become the new owner after billionaire entrepreneur Elon Musk bought Twitter Inc. for $44 billion. This is one of the largest leveraged buyout deals in history. It’s become official that Elon Musk has finally bought a 100 percent stake in Twitter for about $44 billion, $54.20 per share, and it’s all in cash. The microblogging site has been evaluating Musk’s offer for the past several weeks. Musk previously said Twitter has “extraordinary potential” and wants to unlock it.

Bezos retweeted New York Times reporter Mike Forsyth, who pointed to Tesla’s vast market in China and the electric vehicle giant’s reliance on Chinese suppliers for EV batteries. The reporter then noted that China’s ban on Twitter from 2009 had previously ensured that the Chinese government had practically no control over the microblogging site, something that may have just changed as a result of an emerging switch in ownership.

The world’s second-richest man, formerly the richest before Tesla CEO and founder Musk, issued a series of tweets in the morning that drew attention to Elon Musk’s company’s close ties with China, which is the world’s largest economy. Largest electric vehicle market. The place where Tesla established an overseas factory.

Talking about the purchase, Twitter CEO Parag Agarwal said, “Twitter has a purpose and relevance that impacts the entire world. We are deeply proud of our teams and inspired by work that has never been more important. ” “The Twitter Board conducted a thoughtful and comprehensive process of assessing Elon’s proposal with a deliberate focus on value, certainty and financing. The proposed transaction would provide a substantial cash premium, and we believe it would benefit Twitter shareholders. The best way to go.”