Twitter Folds to Its Most Powerful Troll in $44 Billion Deal With Elon Musk
He was one of Twitter’s biggest trolls, then he became its most powerful provocateur. Now, Elon Musk is set to own the company outright.
On Monday, the social media company announced that it had reached an agreement with the world’s richest man to buy the firm and take it private. True to Musk’s form, the sale price—$54.20 per share—included a subtle wink at the marijuana reference “420.”
The deal represents a 38 percent premium over Twitter’s closing stock price as of April Fool’s Day, the final trading day before Musk unveiled his 9.2 percent stake in the business, a company press release said.