by Andrew J Hawkins at The Verge
On Thursday, April 14th, Elon Musk announced an offer to buy Twitter for $54.20 a share. On April 25th, Twitter accepted the deal.
This is a huge story with a lot of fast-moving parts to it. It’s also a story that will likely stretch out over the next few months, maybe even longer. So we thought we’d put together a guide for you, our readers, that can be updated as things continue to unfold. Because, like Elon, we ❤️ you.
So strap in — it’s going to be a bumpy ride.
The latest news:
Elon Musk buys Twitter for $44 billion
Well, that was fast.
On April 25th, Twitter’s board of directors accepted Musk’s offer of $54.20 per share, or $44 billion, for total control of the company. It was the same price he named in his initial offer on April 14th. Upon completion of the transaction, Twitter will become a private company.
Twitter on Track to Reach Deal With Musk as Soon as Monday
The will-he / won’t-he-buy-Twitter saga is nearing completion with a deal to be announced as soon as Monday. Twitter is in the final stretch of negotiations with Musk, reports Bloomberg. Multiple outlets are reporting that Twitter’s board was considering Musk’s funded offer over the weekend, with The New York Times saying the company’s 11 members were negotiating with Musk into the morning on Monday. Twitter is scheduled to report earnings on Thursday, by which time the company is expected to have weighed in on Musk’s bid, reports The Wall Street Journal…
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