Musk Closes $44 Billion Twitter Deal, Ending Monthslong Saga

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After six months of public and legal battle over the sale, the world's wealthiest man took over the faltering social network, according to sources.

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Twitter will go private and pay shareholders $54.20 per share.

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Musk agreed to his initial demands on Oct. 4, and a Delaware Chancery Court judge gave the two parties until Oct. 28 to complete the agreement.

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Musk, CEO of Tesla Inc.

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and SpaceX, owns Twitter, which he uses but publicly hates and promises to modify drastically.

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The New York Stock Exchange won't trade the company's shares.

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