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Dubai News Club > Tech > Elon Musk and the $44 billion Twitter buyout he’s trying to terminate
Tech

Elon Musk and the $44 billion Twitter buyout he’s trying to terminate

Press Room
Last updated: 2022/07/08
Press Room
Published: July 8, 2022
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First, we learned that Elon Musk had purchased enough shares of Twitter to become its largest individual shareholder. The company announced Musk would take a seat on its board of directors, but within the space of a week, that plan unraveled, and Musk informed the board he would not accept the position.

Elon’s next move came in the form of an unsolicited offer to buy 100 percent of Twitter’s shares for $54.20 each, or about $44 billion.

On April 25th, it seemed like it was…

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