TWITTER says it has reached an agreement to sell the company to Elon Musk for around $44billion (£34.6billion).
The deal was announced by the social media platform on Monday after days of negotiations between the world’s richest person and the Twitter board. Musk had announced an offer to buy the social media platform on 14 April for $54.20 a share, or about $43billion.
The additional $1billion price tag is understood to reflect the purchase of additional shares revealed by Twitter.
The deal means Twitter will now be taken private, ending its run on the stock market which began in 2013.
Musk will pay $54.20 cash per share for the San Francisco-based company, which will now be taken private after days of intense negotiations between the entrepreneur and the platform’s board.
“Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important,” said Parag Agrawal, Twitter’s CEO was quoted to have said.
PDP crisis: ‘I Will Fight You – Wike Dares Ayu
RIVERS State Governor, Nyesom Wike has ridiculed the embattled former National Chairman of the Peoples Democratic Party, Iyiorchia Ayu, following...
Read more
Court Affirms Victor Oye As Authentic APGA National Chairman
The Federal High Court in Abuja on Tuesday affirmed Victor Oye as the lawful and legitimate National Chairman of the...
Read more
BREAKING: Ihedioha withdraws From Imo PDP Governorship Primaries
EMEKA Ihedioha, former Governor of Imo State, has announced his withdrawal from the Peoples Democratic Party, PDP, Governorship Primaries. The...
Read more
1,000 Half-naked Nasarawa Women Protest Poll Results
NO fewer than 1,000 aged women from across the 13 local government areas of Nasarawa State on Monday held a...
Read more
I Didn’t Say Yoruba Are Political Rascals — Emmanuel Iwuanyanwu
THE Chairman of the Elders forum of the Ohanaeze Ndigbo Worldwide, Emmanuel Iwuanyanwu, on Monday described as fake news a...
Read more
Election Tribunal Grants Order For Labour Party To Inspect Delta Guber Election Materials
DELTA State Governorship Election Petition Tribunal has granted an order directing the Independent National Electoral Commission, INEC, to allow Labour...
Read more
Imo Governorship Election: Labour Party Under Fire Over N25m Nomination Form
AHEAD of the Imo State governorship election scheduled for November 11, the Labour Party, LP, is under fire for fixing...
Read more
Why I Sued PDP Chairman Ayu – Party’s Chieftain
A stalwart of the Peoples Democratic Party, Mr Conrad Utaan, has revealed on Monday that he filed a suit...
Read more
Umahi Not Competent To Be Senate President – Labour Party Senatorial Candidate
THE Labour Party senatorial candidate for Ebonyi South senatorial zone, Linus Okorie on Monday said that the outgoing Ebonyi State...
Read more
BREAKING: INEC To Hold Supplementary Elections In Kebbi, Adamawa April 15
THE Independent National Electoral Commission has fixed April 15, 2023 for the conduct of all outstanding Governorship, National and State...
Read more
Court removes Adamawa Lawmaker, Bororo
THE Federal High Court has sacked Member representing Mubi South Constituency in the Adamawa State House of Assembly, Hon Musa...
Read more
INEC Announces Date for Kebbi, Adamawa Inconclusive Election
The Independent National Electoral Commission has announced that the supplementary governorship elections in Kebbi and Adamawa states will be held...
Read more
Court Restrains Iyorchia Ayu From Parading Himself As PDP Chairman
A Benue State High Court sitting in Makurdi, state capital, Monday restrained the embattled Senator Iyorchia Ayu from parading himself...
Read more
APC Attacks INEC for Declaring Kebbi Governorship Election Inconclusive
THE All Progressives Congress in Kebbi State on Sunday faulted the Independent National Electoral Commission for declaring the governorship election...
Read more
More Stories
Apple Releases Updated Operating System
5G: Nigeria Begins Race For 4.4b Global Subscriptions
Mozambique Pledges Free Wi-Fi For Rural Areas By 2024