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Tesla’s Musk to take Twitter private for $44bn: CNBC

Tesla CEO Elon Musk will be acquiring Twitter, the social network and microblogging service, in a take-private deal for about $44 billion, reported CNBC.

Tesla CEO Elon Musk will be acquiring Twitter, the social network and microblogging service, in a take-private deal for about $44 billion, reported CNBC. According to the terms of the deal, Twitter shareholders will receive $54.20 per share in cash. When the deal closes, Twitter will no longer trade on the New York Stock Exchange.

Source: CNBC