Agreement Reached Between Twitter and Elon Musk

Elon Musk and Twitter reached a deal yesterday! Twitter announced it would be selling itself to Musk for $44 billion. Under the deal, shareholders will receive $54.20 for each share of Twitter stock they own which matches Musk’s original offer and marks a 38% premium over the stock price the day before Musk revealed his stake in the company. The deal was unanimously approved by Twitter’s board and will be closed this year as the deal is still pending approval from shareholders and regulators.