- Tesla Chief Elon Musk has acquired microblogging website Twitter.
- Elon Musk has acquired Twitter for USD 44 billion, about Rs 3,368 billion.
- According to the Bloomberg Billionaires Index, Musk is the richest person in the world with a net worth of $257 billion.
- According to Twitter, the publicly traded corporation will now become a private entity owned by Musk, which negotiated a $54.20 per share purchase price.
- Musk secured $46.5 billion in funding last week to complete the deal, and Dan Ives, an analyst at Wedbush Securities, predicted earlier in the day that the board would likely approve his proposal as no other buyers were found.
- Twitter stock was trading 5.9% higher on Wall Street.
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