In response to Elon’s purchase, a press release explained: “The purchase price represents a 38 percent premium to the closing price of Twitter’s stock on April 1, 2022, which was the last trading day before Mr. Musk disclosed his 9 percent stake in Twitter.”
Elon bought basically every stock in the company for about $44 billion and is now the sole owner.
In response to the acquisition, Jack – who resigned as Twitter’s CEO in 2021 – chirp: “I am very happy that Twitter will continue to serve the public conversation. All over the world, and in the stars!”
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