BREAKING: South African Billionaire, Elon Musk Buys Twitter for $44 Billion


Agreement was being negotiated for weeks, but the platform’s board accepted the South African’s proposal on Monday, 25. The Billionaire was negotiating to buy the company a few weeks ago The South African Billionaire Elon Musk completed the purchase of twitter, one of the largest social networks in the world, for $44 billion, which are equivalent to approximately R$ 215 billion.


The confirmation of the sale was announced by Bret Taylor, executive of the social network.


Previously, Musk had already become a shareholder of the company, with 9% of the shares of the social network.


Since then, negotiations for the acquisition of the company began.


In the agreement signed, Musk will have full ownership of the social network.


In all, shareholders will receive US$ 54.20, approximately R$ 263, for each share they hold.


Credit: The News 24

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