Twitter has accepted Elon Musk’s offer to buy the company for $44 billion. It hasn’t been an easy way for the world’s richest man, to finally be able to take over ownership of the social media platform. Twitter first denied the Tesla CEO’s bid of 43 billion dollars, but after negotiations, it must now reportedly be agreed on a share price of 54.20 dollars and thus a deal of an estimated $44 billion , (about 428 billion Swedish kronor). With the deal, Twitter will now leave the New York Stock Exchange and be wholly owned by Elon Musk.

“We believe this is the best way forward for Twitter’s shareholders,” writes board member Bret Taylor.

This is far from the first time someone has expressed an interest in buying Twitter over the years, but with today’s deal, Musk is now doing something that Facebook, Microsoft, Disney, Salesforce and Google have previously failed to do.

Source: Press Release