From Yahoo Finance feed
Twitter (TWTR) announced on Monday that it has entered into a deal to be acquired by Tesla CEO Elon Musk for $44 billion.
Twitter shareholders will receive $54.20 per share, and when the deal is finalized the social network will become a privately held company.
Twitter trading was halted Monday afternoon ahead of the news.
Shares were up 6% just after 3:30 p.m. EST.
I guess they held out for an extra billion, but less than the financing Musk had packaged.





Reply With Quote

