Elon Musk Buy Twitter For $44 Billion
Twitter said monday it has agreed to sell itself to Elon Musk in a roughly $44 billion deal
Under the terms of the deal, shareholders will receive $54.20 in cash for each share of Twitter stock
Musk's original offer and marking a 38% premium over the stock price the day before Musk revealed his stake in the company.
"Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it."
Elon Musk says he has lined up $46.5 billion in financing for twitter deal.
Twitter stock was up nearly 6% following the announcement of the deal, hovering around $51.84, just shy of the offer price.
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"