Deal reached, Elon Musk will buy Twitter for $44 billion
( Right Scoop )
News is breaking of a reported deal reached between Elon Musk and Twitter, saying he’ll purchase the social media company for $44 billion.
The report also says news of the deal will be announced later on today:
BREAKING: Twitter and Elon Musk reach deal on buyout, to be announced shortly – WSJ — BNO News (@BNONews) April 25, 2022
BREAKING: Elon Musk will officially acquire Twitter for $44 billion, sources say the deal will be announced by the end of today. — Watcher.Guru (@WatcherGuru) April 25, 2022
🇺🇸 — JUST IN: Twitter and Elon Musk have reached a deal on a full buyout valued at $44 Billion, to be announced shortly, the WSJ reports. — Belaaz News (@TheBelaaz) April 25, 2022
Musk, Twitter Deal to Be Valued at $44 Billion, Sources Say — WSJ Deal to Be Announced After Market Close Monday if Not Sooner, Sources Say — WSJ https://t.co/aCGNhROmPb — Amichai Stein (@AmichaiStein1) April 25, 2022
They are all referencing the WSJ, who just updated their latest developments page with this:
The two sides worked through the night to hash out a deal that would be valued at $54.20 a share, or $44 billion, the people said. Assuming there isn’t a last-minute snag, the deal is expected to be announced after the market closes Monday, if not sooner. It’s not clear why the total value of the deal has increased slightly from prior expectations, but it could be related to an updated share count.
That’s a change from what it said a few minutes ago, so it does look like a deal has been reached.
I’ll update with more confirmation as soon as I get it.
UPDATE: I should note that Musk tweeted this an hour ago…
I hope that even my worst critics remain on Twitter, because that is what free speech means — Elon Musk (@elonmusk) April 25, 2022