Monday, April 25, the highly-anticipated deal of Elon Musk buying Twitter has become official.

According to The New York Times, Twitter has accepted Elon Musk’s personal offer to purchase the social media platform.

With a price of $54.20 per share, the deal totals to approximately $44 billion.

The timeline leading up to the purchase

The sale comes after a series of publicly shared actions on behalf of Musk within the last two weeks.

Firstly, on April 13, the richest person in the world filed an official offer with the U.S. Securities and Exchange Commission (SEC).

“Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced,” Musk stated within the original filing.

Then, Sunday, April 24, a meeting with Twitter board members took place to “seriously consider” Elon Musk’s buying proposal, sources for The New York Times revealed.

Now, this Monday morning, Twitter stock experienced a 4% increase. The rise comes as a result of the bidder’s name dominating headlines and all the conversation surrounding the highly-publicized deal.

In multiple tweets building up to this moment, Musk expressed ideas, concerns, and potential plans for the platform. He addressed issues such as spam bots, top accounts with no active content, and the edit button.

What do you think the future holds for Twitter with Elon Musk leading it? Leave your opinions in a comment below 👇

Featured image source: Elon Musk portrait by The Royal Society, CC BY-SA 3.0, via Wikimedia Commons. Twitter branded background added by GCTV staff.

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