What Next For Twitter Shareholders

• • Elon Musk finally closes Twitter deal.
  • Twitter shareholders to receive $54.2 per share on their holdings.

Elon Musk has officially acquired Twitter, Inc. in a $44 billion deal. The deal was finalized on October 27, 2022, and Twitter is now a privately held company.

As part of the deal, Twitter shareholders will receive $54.20 per share in cash. Musk has said that he may take the company public again in three to five years, but for now, Twitter will be run as a private company.

Twitter has been on the New York Stock Exchange (NYSE) since 2013, but it has been delisted from the exchange as part of the deal. Trading in Twitter shares has been frozen, and the company’s stock is no longer available on any public exchanges.

Musk has long expressed his desire to take Twitter private. He believes that the company can be better managed as a private company, and he has said that he wants to make Twitter a more open and free platform for speech.

The deal has been met with mixed reactions. Some people believe that Musk is the right person to lead Twitter, while others are concerned about his intentions for the company. It remains to be seen what changes Musk will make to Twitter, but one thing is for sure: the social media platform is about to undergo a major transformation.