Elon Musk announced his decision to purchase Twitter for roughly $44 billion. This is his latest attempt to expand his empire beyond selling electric cars and launching rockets into space. Musk, the wealthiest man in the world, will take control of a platform that political leaders and other influential luminaries have used to express themselves.
Twitter agreed to be sold to Musk for $54.20 per share, a 38% premium over its current share price before he revealed that he was its largest shareholder. This is the largest-ever deal to take a company private in at least two decades, according to Dealogic. Watch the video to stay updated.