Twitter share price

The company's board and the Tesla CEO are said to be hammering out the final details of his $54.20 a share bid.

But Musk’s financing plan and the board’s willingness to entertain “constructive conversation” makes a deal more likely, according to Angelo Zino, an analyst with CFRA Research. And internally, Twitter employees have raised concerns about Musk’s potential effect on the culture. Musk took a more than 9 percent stake in Twitter earlier this year, leading to two wild weeks of back-and-forth with the company. Twitter had seemed poised to reject the Tesla CEO’s unsolicited offer of $54.20 a share for the social media platform. The two sides were discussing such details as a timeline to close a potential deal and any fees that would be paid if such an agreement later fell apart, according to the report. Musk is worth about $259 billion according to the Bloomberg Billionaire’s Index, but much of his wealth is tied up in stock.

Twitter Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the CEO of Tesla has called his "best and final" offer for the ...

"Our concerns are not new," said White House spokesperson Jen Psaki, adding that the platforms need to be held accountable. On the other hand, he said, "Tesla shareholders can’t be happy that Musk will have to divert even more attention away from winning the EV (electric vehicle) race." I don't care about the economics at all," he said in a recent public talk. "Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said in a statement. read more Register now for FREE unlimited access to Reuters.com

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According to Forbes he is worth $269.7bn (£212bn), owning 21% of electric vehicle company Tesla with Musk’s company, SpaceX, valued at £74bn. Elon Musk is the richest man in the world. How much is Elon Musk worth?

Twitter (TWTR) is getting bought out by Elon Musk—and for a price that looks too low. It could be a sign that the problem is as much with the stock market ...

Over the weekend, Twitter (ticker: TWTR) and the CEO of Tesla (TSLA) met to discuss Musk’s recent offer to buy the company. Now the deal, which Twitter was expected to reject, is done. Twitter is getting bought out by Elon Musk—and for a price that looks too low.

Twitter shareholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the transaction. The purchase price ...

After Musk first made his offer for the platform, Twitter launched a poison pill to limit his ability to gain a substantial shareholding. Twitter shareholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the transaction. “The president has long talked about his concerns about the power of social media platforms, including Twitter and others, to spread misinformation.”

The announcement ends a weeks-long saga Musk kicked off when he offered to buy the company at $54.20 per share, his "best and final."

Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it." The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders." The purchase price represents a 38% premium to Twitter's closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter. He also said he generally would prefer "time-outs" to permanent bans, which could suggest a path for former President Donald Trump to rejoin the platform under Musk's control. Upon completion of the transaction, Twitter will become a privately held company. The SEC declined to comment on Musk's remarks at the time. Despite his being the world's richest person, much of his wealth is tied up in Tesla stock, meaning he would likely have to borrow against his holdings to fund the deal. Musk's interest in Twitter comes from his own frequent use of the platform. The plan would dilute that person's holdings in a strategy commonly employed to prevent unwanted acquisitions. The announcement ends a weekslong saga Musk kicked off when he disclosed a large stake in the company. Twitter would become a private company on completion of the deal, which requires shareholder and regulatory approval. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.