Elon Musk Bought twitter
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Elon Musk acquired Twitter for about $44 billion
The company announced on Monday that it has accepted the Tesla CEO's offer of $44 billion to take the company private.
Under the terms of the deal, Twitter will become a private company and shareholders
will receive $54.20 per share, the company said in a news release.
Twitter is the digital town square where matters important to the future of humanity are debated," Musk said in the release.
Twitter has tremendous potential - I look forward to working with the company and community of users to unlock it," musk Said
Twitter board chairman Brett Taylor said the decision came down to the economics of the deal.