Elon Musk Bought twitter

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Elon Musk acquired Twitter for about $44 billion

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The company announced on Monday that it has accepted the Tesla CEO's offer of $44 billion to take the company private.

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Under the terms of the deal, Twitter will become a private company and shareholders

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will receive $54.20 per share, the company said in a news release.

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Twitter is the digital town square where matters important to the future of humanity are debated," Musk said in the release.

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Twitter has tremendous potential - I look forward to working with the company and community of users to unlock it," musk Said

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Twitter board chairman Brett Taylor said the decision came down to the economics of the deal.

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