Twitter share price

The company's board and the Tesla CEO are said to be hammering out the final details of his $54.20 a share bid.

But Musk’s financing plan and the board’s willingness to entertain “constructive conversation” makes a deal more likely, according to Angelo Zino, an analyst with CFRA Research. And internally, Twitter employees have raised concerns about Musk’s potential effect on the culture. Musk took a more than 9 percent stake in Twitter earlier this year, leading to two wild weeks of back-and-forth with the company. Twitter had seemed poised to reject the Tesla CEO’s unsolicited offer of $54.20 a share for the social media platform. The two sides were discussing such details as a timeline to close a potential deal and any fees that would be paid if such an agreement later fell apart, according to the report. Musk is worth about $259 billion according to the Bloomberg Billionaire’s Index, but much of his wealth is tied up in stock.

Twitter Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the CEO of Tesla has called his "best and final" offer for the ...

"Our concerns are not new," said White House spokesperson Jen Psaki, adding that the platforms need to be held accountable. On the other hand, he said, "Tesla shareholders can’t be happy that Musk will have to divert even more attention away from winning the EV (electric vehicle) race." I don't care about the economics at all," he said in a recent public talk. "Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said in a statement. read more Register now for FREE unlimited access to Reuters.com

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According to Forbes he is worth $269.7bn (£212bn), owning 21% of electric vehicle company Tesla with Musk’s company, SpaceX, valued at £74bn. Elon Musk is the richest man in the world. How much is Elon Musk worth?

Company close to accepting offer price of $54.20 a share, with deal valuing business at $43bn.

Competition experts have said that US antitrust law is unlikely to represent a problem for Musk, who is also chief executive of the rocket company SpaceX and owns the tunnelling firm the Boring Company but whose business interests do not compete with Twitter in any markets. Musk has more than 83 million followers and a penchant for shoot-from-the-hip tweeting, including a flurry of posts since his 9.2% shareholding first emerged this month that suggested changes to the platform. Musk owns 9.2% of Twitter, and Vanguard, a US asset management firm, is the largest shareholder with more than 10%.

Twitter (TWTR) is getting bought out by Elon Musk—and for a price that looks too low. It could be a sign that the problem is as much with the stock market ...

Over the weekend, Twitter (ticker: TWTR) and the CEO of Tesla (TSLA) met to discuss Musk’s recent offer to buy the company. Now the deal, which Twitter was expected to reject, is done. Twitter is getting bought out by Elon Musk—and for a price that looks too low.

Tesla chief says free speech is 'bedrock' of democracy as board declares deal 'best path forward'

The social media company said on Monday it had accepted the Tesla chief executive's takeover bid.

Twitter has accepted billionaire Elon Musk’s $44 billion takeover bid, the company announced on Monday. Twitter Accepts Elon Musk’s $44 Billion Deal. The Stock Is Climbing. Musk will pay $54.20 a share for Twitter (ticker: TWTR) in cash, representing a 38% premium to the stock’s closing price on April 1, the day before Musk disclosed a 9% stake in the social media company.

Elon Musk will now be the sole owner of Twitter. Here's what you need to know if you currently have or want to buy shares of the social media giant.

Because if the company is taken private, you will be paid out for those equities, and you should plan strategically on what to do with those returns — including filling your emergency fund, paying off debt or investing in your retirement. “Depending on how long you’ve owned Twitter stock, you would be subject to short-term capital gains or long-term capital gains when the tender happens. Elon Musk being the sole owner of Twitter has been talked about for weeks, and it’s now official. “They can either take the tender offer...or if the privatization goes through, they’ll still be cashed out for the value of the shares at that time. Musk is paying $54.20 per share, meaning you’ll be given an offer of $2,710 for the 50 shares you own. - If the deal is done today, it doesn’t mean you can’t continue to buy and sell the stock. But even though the deal was struck today, you’ll still be able to buy or sell Twitter stock until the deal is closed. It’s free to open an account with brokerages like Fidelity, Robinhood or Vanguard, which let you buy and sell stock for free. Minimum deposit and balance requirements may vary depending on the investment vehicle selected. For example, the widely-known S&P 500 index is made up of just over 500 companies, and Twitter is one of them. Musk has been very public about his discontent with Twitter’s board of directors and is adamant about changing the platform. This comes after weeks of back-and-forth as Musk purchased a large amount of the company’s stock and then forced the board to take the ‘ poison pill’ to avoid a hostile takeover.