Elon Musk to buy Twitter for R690 billion | Fin24

  • 📰 News24
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Elon Musk clinched a deal to buy Twitter for $44 billion on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person. | Fin24

South African-born billionaire entrepreneur Elon Musk agreed to buy Twitter for $44 billion , using one of the biggest leveraged buyout deals in history to take private a 16-year-old social networking platform that has become a hub of public discourse and a flashpoint in the debate over online free speech.

His proposal was met with skepticism on Wall Street because, while he said it was his"best and final" offer, it lacked any details on financing. Even though Musk is the world’s richest person, much of his fortune is tied up in Tesla stock. It’s unclear whether Musk, who heads Tesla and Space Exploration Technologies, would consider selling part of his stake in one of his prized companies to acquire Twitter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Fin24 W

Fin24 Legend

Fin24 Good i wish he cn remove all propaganda news like you and eNCA and SABCNews

Fin24 Wow

Almost as much as the KZN Flood bill!

Fin24 For all those who are new to this working from home Bitcoin trading options Here's a little tip Get a trusted Bitcoin expert and stick to her Gwenjensen21 Invest and play at similar times each day. Because In times of chaos, your investment is your anchor to success 🥇

Fin24 He’s gonna have to clean house, or else he’s going to be fighting “Deep Twitter” - legacy employees who will actively sabotage his efforts.

Fin24 Lekke outjie.

Fin24 Thank you in advance for the edit button 🙏

FHVictoriaKeith Fin24 Great news! Freedom of Speech lives on.... even on Twitter!😁

Fin24 Shit!

Fin24

Fin24 Congratulations To Elon Musk for taking over Twitter !

Fin24 Bye Twitter.

Fin24 “Great power comes great responsibility” lol this man can literally buy my existence

Fin24 Yeah, this can't go wrong in any possible way.

Fin24 A new global order. One World Government loading slowly🌍

Fin24 I'll take Q drop 44 for the win, Alex.

Fin24 Bye bye. It was good until it wasn't. People like Trump were correctly banned. Musk will bring them back. I refuse to be a part of right wing lies. Fox, Twitter, fork off

Fin24 Twitter announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon transaction's completion Twitter will become a privately held company.

Fin24

Fin24 Love this guy

Fin24 Deleting my account immediately!!

Fin24 Boom, another billionaire grabs hold of a wildly popular form of public communication where possibly anything goes.

Fin24

Fin24 Republicans begged him for help, since all their socials failed. Freedom of speech is a mistake

Fin24 $44 billion for Twitter?! What a dipshit.

Fin24 Ok but I could’ve used maybe $60k of that and this deal won’t benefit me at all (unless he’s got a surprise coming)😂

Fin24

Fin24 If you don't like it, just make your own platform.

Fin24 I cannot wait to die

Fin24

Fin24 He should buy News24 next!

Fin24 He must also buy Eskom we are suffering yerr. Congratulations to him in advance.

Fin24 🤔

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk may just buy Twitter today after all...The world's richest man said he doesn't want to buy Twitter just to make money...
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Elon Musk Twitter deal could be finalised as soon as this week | BusinessinsiderTwitter has kicked off talks with Elon Musk over his proposed $43 billion deal to acquire the social-media company, according to multiple reports. A deal could be finalised as soon as this week | BISouthAfrica BISouthAfrica I have always hated Bitcoin and thought it was a scam until a friend referred me to _ambreymarcus1, I made my first withdrawal of R100,000 in 2 weeks thanks to _ambreymarcus1. BISouthAfrica Twitter hates free speech
Source: News24 - 🏆 4. / 80 Read more »

Elon Musk, Twitter board discuss takeover bid - IT-OnlineElon Musk is one step closer to his goal of acquiring Twitter. The world’s richest man met with the Twitter board yesterday, apparently to discuss details of a potential deal. Musk earlier this week announced his intention to acquire the company through a hostile takeover after buying up more than 9% of Twitter’s shares. He […]
Source: ITOnlineSA - 🏆 16. / 63 Read more »

TOBY SHAPSHAK: Elon Musk has more important things to doForget Twitter: the world’s richest person should focus on his self-appointed mission to save humanity, writes shapshak.
Source: FinancialMail - 🏆 20. / 63 Read more »

CHRIS ROPER: Elon Musk and the extremes of egoThe entrepreneur’s play for social media platform Twitter is no attempt to safeguard free speech. It’s about the power to impose his way of thinking on everyone else, writes ChrisRoper. ChrisRoper The man has 83 Million followers, he does not need to buy twitter to impose his way of thinking on anyone. 😆
Source: FinancialMail - 🏆 20. / 63 Read more »

Twitter relooking Elon Musk’s take-over offerTwitter’s board agreed to meet Tesla CEO Elon Musk after he curried favour with its shareholders.
Source: mybroadband - 🏆 11. / 67 Read more »