Elon Musk Buy Twitter For $44 Billion

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Twitter said monday it has agreed to sell itself to Elon Musk in a roughly $44 billion deal

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Under the terms of the deal, shareholders will receive $54.20 in cash for each share of Twitter stock

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Musk's original offer and marking a 38% premium over the stock price the day before Musk revealed his stake in the company.

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Musk said-"Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it."

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Elon Musk says he has lined up $46.5 billion in financing for twitter deal.

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Twitter stock was up nearly 6% following the announcement of the deal, hovering around $51.84, just shy of the offer price.

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Twitter CEO Parag Agrawal said- "I know this is a significant change and you're likely processing what this means for you and Twitter's future"

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