Elon Musk’s $44-billion bid to buy Twitter is accepted

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DPA

Twitter announced on Monday that it has entered into a definitive agreement to be acquired by Tesla founder Elon Musk in a transaction valued at around $44 billion. Once the transaction is completed, Twitter will become a privately held company, the company said in a statement. “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” Twitter’s independent board chair, Bret Taylor, said. Musk made the non-binding proposal to acquire all outstanding common stock of Twitter not already owned by him e…

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