Elon Musk buys Twitter for $44B — crypto industry reacts
Cointelegraph
Published Apr 25, 2022 04:45PM ET
Updated Apr 25, 2022 06:20PM ET
In the hours and days before Tesla (NASDAQ:TSLA) CEO Elon Musk’s purchase of social media giant Twitter (NYSE:TWTR), discussions on free speech were common among many online users both in and out of the crypto industry.
Twitter announced on Monday that it will become a privately held company following its board of directors accepting a bid from Musk to purchase the firm’s stock for $54.20 per share in cash — roughly $44 billion. Though the transaction is expected to close in 2022, it is still subject to the approval of Twitter stockholders as well as certain regulators.
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Written By: Cointelegraph
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