Takeover offer: A Twitter logo appears above a trading post on the floor of the New York Stock Exchange. Under pressure, Twitter started negotiating with Musk to buy the company at his proposed US$54.20 (RM235.72) per share price. — AP
NEW YORK: Elon Musk clinched a deal to buy Twitter Inc for US$44bil (RM191.36bil) cash in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person.
It is a seminal moment for the 16-year-old company, which emerged as one of the world’s most influential public squares and now faces a string of challenges.
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