Musk Closes $44 Billion Twitter Deal, Ending Monthslong Saga
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.
Twitter will go private and pay shareholders $54.20 per share.
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.
Musk, CEO of Tesla Inc.
and SpaceX, owns Twitter, which he uses but publicly hates and promises to modify drastically.
The New York Stock Exchange won't trade the company's shares.
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