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How Elon Musk evinced interest in purchasing Twitter

How Elon Musk evinced interest in buying Twitter

SAN FRANCISCO: After tech billionaire Elon Musk purchased Twitter, an old tweet of the Tesla CEO where he had asked about the price of the micro-blogging website 5 years earlier, is being widely flowed on the platform.
In 2017, Musk delicately tweeted “I enjoy Twitter”. And after that a user asked him to buy the micro-blogging platform, to which he responded “How much is it?”
The tweet went viral right after the news was announced and now has more than 1.74 lakh likes and over 35,000 retweets.
“He did it,” a user wrote. As the company’s board chose to succumb to his takeover quote with his “finest and last” deal, the Tesla CEO has lastly captured the elusive Twitter bird for $44 billion.
Twitter revealed late on Monday that it has entered into a conclusive arrangement to be obtained by an entity entirely owned by Musk for $54.20 per share in cash in a deal valued at nearly $44 billion.
Upon conclusion of the deal, Twitter will become a privately-held business.
The purchase rate represents a 38 percent premium to Twitter’s closing stock price on April 1, which was the last trading day before Musk revealed his nearly nine per cent stake in the platform.
Prior to the official announcement, Musk said that he hopes that his worst critics must remain on Twitter.
“I hope that even my worst critics stay on Twitter since that is what totally free speech indicates,” he tweeted.
“And be my love in the rain,” he included, posting from popular American poet Robert Frost’s poem, ‘A Line-storm Song’.

Published at Tue, 26 Apr 2022 08:33:00 +0000

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