It’s official now: Elon Musk is the new owner of Twitter:

AN FRANCISCO, April 25, 2022 /PRNewswire/ — Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.

Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.

Bret Taylor, Twitter’s Independent Board Chair, said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”

Former Vermont governor and one-time Democrat presidential candidate said that if the sale went through he’d be off Twitter quickly:

At last check, Dean’s account was still active. We’ll see if he follows through on that promise.

“YAAAAAAA!”

We’d be happy to help Dean pack up the Twitter office and head out as well.

How many of these empty threats have been made in the last few years?

If we had to guess, Dean will still be on Twitter tomorrow.

BIG mad.

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Related:

Build your own: Sounds like Robert B. Reich wants to leave Twitter and keep his followers, is haunted by old tweets

One request for Elon Musk: Audit the Twitter logs to show how our communications were manipulated

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