Twitter on Monday agreed to be acquired for around $44 billion in cash by Elon Musk, just weeks after the tech mogul launched his unsolicited, take-it-or-leave-it offer.
Why it matters: This is an earthquake in global media and politics, where Twitter hosts the discourse.
- It's sure to be criticized by those who disagree with Musk's laissez-faire views on content moderation and cheered by those who believe Twitter has been too heavy-handed with its block button.
By the numbers: Musk is paying $54.20 per share and is personally responsible for around half of the financing. The rest comes via loans from, or arranged by, Morgan Stanley. No word yet on if he's managed to secure equity partners.
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