Elon Musk Will Acquire Twitter.

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Twitter, Inc announced on April 25 that it had entered into a definitive agreement to be acquired by an entity owned by Elon Musk. Musk, the CEO of Tesla, Inc. [{ "selector": ".lmtux-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".twlao-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".iucbo-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".batzn-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

TSLA and entrepreneur behind numerous other companies, is currently the world's richest person. The deal follows a highly publicized back-and-forth between Musk and Twitter's board of directors. [{ "selector": ".ekjlx-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".kuzkg-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".jgalx-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".bzclo-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

Musk will pay $54.20 per share in cash to acquire Twitter, for a total consideration of roughly $44 billion. Upon completion, Twitter will become a privately held company. [{ "selector": ".unzub-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".eezmb-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".lfbce-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".kntxx-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

History of Musk's Interest in Twitter

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Musk originally disclosed a stake in Twitter of approximately 9% earlier in April, fueling speculation that he planned to influence the company. [{ "selector": ".oijxe-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".nibqf-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".zfbpu-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".dnacq-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

Analysts initially speculated that Musk may have sought a seat on the company's board in order to exert influence over company policies. [{ "selector": ".wrnrn-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".tmzes-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".cxfei-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".emfkb-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

Shortly thereafter, however, he backed out of the planned board seat and stated his intention to buy the company. Musk offered to acquire Twitter for $43 billion on April 14. [{ "selector": ".bipid-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".ectnq-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".xmxtt-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".qnbte-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

On April 15, Twitter's board adopted a limited duration shareholder rights plan, known as a "poison pill," in an apparent attempt to block Musk's acquisition. [{ "selector": ".ixcqa-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".uzsjw-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".qdtxz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".wtkdm-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

Musk's history with Twitter is complicated—in 2018, the U.S. SEC mandated that the Tesla executive receive pre-approval for certain tweets regarding the electric vehicle maker. [{ "selector": ".njxfg-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".niapx-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".qmjso-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".edswj-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

In March 2022, regulators said that they could subpoena Musk regarding his tweets. [{ "selector": ".xfqao-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".qaecb-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".besie-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".imtdf-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

What is happening with Twitter and Elon Musk?

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Elon Musk, the world's richest person, has entered into an agreement to buy Twitter for $43 billion and take the company private. [{ "selector": ".qqgws-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".pzisq-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".eazda-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".luwce-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

What will happen to Twitter?

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Twitter shareholders will receive $54.20 per share per the terms of the agreement. The fate of the company is not clear, but Musk has talked about adding features including authentication of all users [{ "selector": ".uwims-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".aolji-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".mlrcm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".fwczm-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

When will Elon Musk buy Twitter?

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Following weeks of back and forth, Twitter's board accepted Elon Musk's acquisition offer on April 25. [{ "selector": ".iqfms-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".mwlpf-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".wjktm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".qscud-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

The deal is expected to close in 2022, but it is dependent upon Twitter shareholder approval, regulatory approval, and other closing conditions. [{ "selector": ".wnizw-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 350px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".aiifm-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 400px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".fsaej-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-66.00000000000007px)", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".qmgqm-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 430px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

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