Musk on cusp of $61.4 billion Twitter purchase

Kalila Welch

April 26, 2022 9:19

Discussions between the world’s richest man and Twitter’s board have been accelerated over the weekend, following Musk’s unsolicited offer to buy the platform was updated last week.

According to a statement released by Twitter earlier today, the platform has entered into a definitive agreement to be acquired wholly by Musk for for US$54.20 (A$75.51) per share in cash in a transaction valued at approximately US$44 billion (A$61.4 billion).

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Kalila Welch

Kalila Welch joined the Mumbrella editorial team in November 2021. She took a brief career break in mid 2023 to complete her Masters of Journalism before returning to Mumbrella for a year.

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