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:
https://twitter.com/GovHowardDean/status/1518607943255703552
At last check, Dean’s account was still active. We’ll see if he follows through on that promise.
What are you gonna do? Just yell your thoughts out?
— Write Girl Problems (@WriteGrlProbs) April 25, 2022
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This GIF is actually out there…. pic.twitter.com/GxN5KFfje2
— Never Give Up… (@PCGalloway) April 25, 2022
“YAAAAAAA!”
May I assist you in leaving?
— GayPatriot+ (@GayPatriotPlus) April 25, 2022
We’d be happy to help Dean pack up the Twitter office and head out as well.
Yeah, yeah, just like many of you #DumbAssDemWits said they would leave the country if Trump won in 2016🙄 #ByeFelicia @GovHowardDean https://t.co/XrigfPKrpa
— Chef👨🍳🏄🏼♂️🎣 🇺🇸 (@WhopSpeaks) April 25, 2022
How many of these empty threats have been made in the last few years?
Don’t let the TwitterVerse door hit you on the way out. Byeeeeeeeeee ✌️ https://t.co/SoqcHhhVUm
— Stephanie Hamill (@STEPHMHAMILL) April 25, 2022
I say he won’t leave Twitter, what say you? https://t.co/q8XHTLq5Jv
— Texas Blessed 🍊 (@21stcenturycrim) April 25, 2022
If we had to guess, Dean will still be on Twitter tomorrow.
Like I said, all the right people are mad. https://t.co/F4CeXTPcrP
— Bonchie (@bonchieredstate) April 25, 2022
BIG mad.
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Related:
One request for Elon Musk: Audit the Twitter logs to show how our communications were manipulated
