Twitter agrees to sell company to Elon Musk for $44 billion

news agency CNN reported that the independent executive committee of Twitter issued a statement on Monday, April 25, 2012 that they agreedsell companyto Elon Musk, CEO of Tesla and SpaceX, under a deal worth more than $44 billion (about 1.5 trillion baht).

Brett Taylor, Independent Chairman of Twitter’s Board of Directors. stated in the statement that The board ponders and evaluates the proposal ofElon Musk and that this deal is the best for Twitter shareholders.

under the terms of the agreement Twitter shareholders will receive $54.20 in cash. per the number of shares they hold That matches Mr Musk’s initial offer. And it’s worth 38 percent more than its share price the day before Elon Musk announced his purchase of Twitter shares, with the deal expected to close this year.

The deal will see Elon Musk become the owner of one of the most influential social networking platforms in the world. He reiterated over the past several days that his goal is to promote freedom of speech on the platform. and will work to unlock the extraordinary potential of Twitter.