Elon Musk Buys Twitter: Tesla CEO Elon Musk has become the new owner of Twitter. Musk has made a deal of $ 44 billion, i.e. 3,368 billion rupees to buy this micro blogging site. Twitter’s independent board chairman Brett Taylor gave information about the deal with Musk in a press release at 12.24 pm Indian time.
Musk will have to pay $ 54.20 (Rs 4,148) for every share of Twitter. He already has a 9% stake in Twitter. He is the largest share holder of Twitter. After the latest deal, he will have 100% stake in the company and Twitter will become his private company.
What’s in Deal and How Did It Get Approved?
According to the report of CNN, after becoming a company owned by Elon Musk, all the shareholders of Twitter will get $ 54.20 i.e. Rs 4,148 cash for every share. This share price is 38% higher than before Musk disclosed his 9% stake in Twitter.
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Musk said last week that he had financed $46.5 billion to buy Twitter. After this, the board of Twitter took a fresh look at Musk’s offer. On Sunday, an important meeting of Twitter’s board was also held to discuss Musk’s offer.
Even My Worst Critics Will Stay on Twitter
Elon Musk tweeted, “I hope even my worst critics stay on Twitter, because that’s what free speech means.” This tweet of Musk is becoming increasingly viral on social media. Earlier there was news that Twitter could go into the hands of Elon Musk at a cash price of $ 54.20 per share. As per reports, Twitter was close to completing the deal. This is the same price that Elon Musk offered to Twitter. It was said on behalf of Musk that this is the best and final offer from his side.
Musk Talks About Unlocking Twitter
It was reported late on Monday evening that Twitter’s board had accepted Musk’s offer. In such a situation, it was almost decided that Musk would be the new owner of Twitter. After the micro-blogging site’s purchase deal was finalized, Musk tweeted advocating for free speech. Along with this, he talked about unlocking Twitter.
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500 Million Tweets Every Day, 38% of Users are Young
Around 500 million tweets are made every day around the world. The special thing is that 38% of Twitter users are young. Their age is between 25 to 30 years. Each person has an average of 707 followers. If all these figures are combined, then the number of people connected to Twitter in some form or the other around the world goes out to more than 217 million.
Musk Holds 9.2% of Twitter Shares
Tesla Chief Elon Musk currently holds a 9.2 percent stake in Twitter. Elon Musk bought this stake in Twitter some time ago. With this, Musk became the largest shareholder of Twitter. However, later the fund held by Vanguard Group bought a 10.3 percent stake in Twitter. In this way it became the largest shareholder of the company. Elon Musk Buys Twitter.
