Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Twitter
Gmail
Reserve Bank Of India (RBI)
Reliance
Sensex
New Labour Laws in India
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Elon Musk set to fully acquire Twitter for $43 billion
Business

Elon Musk set to fully acquire Twitter for $43 billion

Elon Musk set to fully acquire Twitter for $43 billion
Written by Mudit Dube
Apr 25, 2022, 07:12 pm 2 min read
Elon Musk set to fully acquire Twitter for $43 billion
Twitter may accept offers from other parties as well (Picture credit: Brytfmonline)

Twitter is about to accept Elon Musk's 'best and final' offer and sell itself to the world's richest man, according to Reuters that cites people familiar with the matter. Musk had offered to buy the micro-blogging platform for $54.2 per share and Twitter may soon announce the $43 billion takeover in the coming hours after its board gets the customary nod from other shareholders.

Provisions
Musk has not allowed Twitter to receive other buyout offers

The Twitter-Musk deal is almost done but there is a possibility that the deal may collapse at the last minute. During such hostile acquisitions, companies sign the agreement but look for bids from other potential acquirers as well. However, Musk has not yet agreed to any such provision. Twitter would have to pay Musk break-up fee if it accepts a bid from another buyer.

Money matters
The financing includes $25 billion in debt from Morgan Stanley

As per the filing submitted by Musk to the US Securities and Exchange Commission last week, he had secured $46.5 billion in financing. The total amount reportedly includes $25.5 billion in debt from Morgan Stanley and $21 billion in equity financing, which also includes $10-$15 billion of his own money. However, the finer details will likely be revealed when Twitter reports earnings on Thursday.

My way or highway
What's next for Twitter?

Musk wants to project Twitter as a platform for free speech. Earlier this month he said: "I invested in Twitter as I believe in its potential to be the platform for free speech...I believe free speech is a societal imperative for a functioning democracy." Musk will also bring changes related to profile verification and plans to cut the board of directors' salary to $0.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Mudit Dube
Mudit Dube
Twitter
Mudit Dube is a technology and automobile editor at NewsBytes. He also manages the in-house news writing software, YANTRA. With an experience of nearly five years, his work focuses on daily news trends, explainers, reviews, and developing technologies. He has a postgraduate diploma in Journalism from the Asian College of Journalism and has previously worked with NewsX, a 24-hour english news channel.
Latest
Twitter
Elon Musk
Related
Latest
What is prosopagnosia, condition ailing Shenaz Treasury, Brad Pitt?
What is prosopagnosia, condition ailing Shenaz Treasury, Brad Pitt? Entertainment
COVID-19: India logs 14,506 fresh cases, 30 more fatalities
COVID-19: India logs 14,506 fresh cases, 30 more fatalities India
Assam floods: Google introduces SOS alert system on Maps, Search
Assam floods: Google introduces SOS alert system on Maps, Search Technology
Cristiano Ronaldo's fitness drill - workout and diet
Cristiano Ronaldo's fitness drill - workout and diet Lifestyle
SC to hear Sena's plea challenging floor test at 5pm
SC to hear Sena's plea challenging floor test at 5pm Politics
Twitter
Who is Mohammed Zubair, journalist arrested for hurting religious sentiments?
Who is Mohammed Zubair, journalist arrested for hurting religious sentiments? India
Free Fire MAX: How to redeem codes for June 28
Free Fire MAX: How to redeem codes for June 28 Technology
Delhi Police arrests Alt News co-founder Mohammed Zubair: Here's why
Delhi Police arrests Alt News co-founder Mohammed Zubair: Here's why India
Suriya, Jyotika to back Sai Pallavi's upcoming film 'Gargi'
Suriya, Jyotika to back Sai Pallavi's upcoming film 'Gargi' Entertainment
BTS's Jungkook, Charlie Puth drop new song 'Left and Right'!
BTS's Jungkook, Charlie Puth drop new song 'Left and Right'! Entertainment
More News
Elon Musk
Happy birthday Elon Musk: Tracing his life and key milestones
Happy birthday Elon Musk: Tracing his life and key milestones Business
Twitter 'Notes' long-form blogging feature announced: How will it work
Twitter 'Notes' long-form blogging feature announced: How will it work Technology
Elon Musk's transgender daughter to drop surname, cut off ties
Elon Musk's transgender daughter to drop surname, cut off ties World
SpaceX pulls a hat-trick, launches 3 rockets in 36 hours
SpaceX pulls a hat-trick, launches 3 rockets in 36 hours Technology
Dogecoin investor sues Elon Musk, Tesla, SpaceX for $258 billion
Dogecoin investor sues Elon Musk, Tesla, SpaceX for $258 billion Business
More News
Related
Twitter to give Elon Musk access to data on bots
Twitter to give Elon Musk access to data on bots Business
Elon Musk threatens to terminate $44bn Twitter takeover: Here's why
Elon Musk threatens to terminate $44bn Twitter takeover: Here's why Business
Twitter says Elon Musk signed acquisition deal without due diligence
Twitter says Elon Musk signed acquisition deal without due diligence Business
Elon Musk puts Twitter acquisition temporarily on hold: Here's why
Elon Musk puts Twitter acquisition temporarily on hold: Here's why Business
Next News Article
Next News Article

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022