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Elon Musk Acquires Twitter

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After several months of negotiation, Elon Musk has bought Twitter for $44 billion on Oct. 28, at $54.20 a share. Musk’s interest in Twitter began in January 2023 when he decided to invest in Twitter, according to the United States Securities and Exchange Commission. By mid-March, Musk held 9.2% of Twitter and became the largest shareholder in the company. After Musk became the largest shareholder, he offered to buy the company for $44 billion in April. Musk also attempted to join Twitter’s Board of Directors on April 5, but within five days had decided against this decision, according to ABC News.