Elon Musk Officially Buys Twitter; Libs in Full Blown Meltdown 

Spencer Brown – Townhall Tipsheet

 

The world’s richest man, Elon Musk, counts Tesla, SpaceX, and now Twitter among his business ventures after the social media company’s board reversed its previous position to accept the tech innovator’s offer to purchase the company at $54.20 per share.

Just before 3:00 p.m. ET, shares were halted and shortly thereafter, the completed deal was announced in a press release from Twitter:

Twitter, Inc. 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 uponclosing of the proposed transaction. Read more here.