Deal snapshot: Twitter Board Accepts Elon Musk's USD 44bn Buyout Offer.

MANews-(C)2009-2022

California-based social media platform Twitter, Inc. (NYSE: TWTR) has entered into a definitive agreement to be acquired by an entity wholly owned by Tesla (NASDAQ: TSLA) CEO Elon Musk, for USD 54.20 per share in cash in a transaction valued at approximately USD 44bn, the company said.

Upon completion of the transaction, Twitter will become a privately held company...

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