Twitter share price

The social media company said on Monday it had accepted the Tesla chief executive's takeover bid.

Twitter has accepted billionaire Elon Musk’s $44 billion takeover bid, the company announced on Monday. Twitter Accepts Elon Musk’s $44 Billion Deal. The Stock Is Climbing. Musk will pay $54.20 a share for Twitter (ticker: TWTR) in cash, representing a 38% premium to the stock’s closing price on April 1, the day before Musk disclosed a 9% stake in the social media company.

Elon Musk will now be the sole owner of Twitter. Here's what you need to know if you currently have or want to buy shares of the social media giant.

Because if the company is taken private, you will be paid out for those equities, and you should plan strategically on what to do with those returns — including filling your emergency fund, paying off debt or investing in your retirement. “Depending on how long you’ve owned Twitter stock, you would be subject to short-term capital gains or long-term capital gains when the tender happens. Elon Musk being the sole owner of Twitter has been talked about for weeks, and it’s now official. “They can either take the tender offer...or if the privatization goes through, they’ll still be cashed out for the value of the shares at that time. Musk is paying $54.20 per share, meaning you’ll be given an offer of $2,710 for the 50 shares you own. - If the deal is done today, it doesn’t mean you can’t continue to buy and sell the stock. But even though the deal was struck today, you’ll still be able to buy or sell Twitter stock until the deal is closed. It’s free to open an account with brokerages like Fidelity, Robinhood or Vanguard, which let you buy and sell stock for free. Minimum deposit and balance requirements may vary depending on the investment vehicle selected. For example, the widely-known S&P 500 index is made up of just over 500 companies, and Twitter is one of them. Musk has been very public about his discontent with Twitter’s board of directors and is adamant about changing the platform. This comes after weeks of back-and-forth as Musk purchased a large amount of the company’s stock and then forced the board to take the ‘ poison pill’ to avoid a hostile takeover.

Twitter agreed to be taken over at $54.20 a share, a 38 percent premium over the share price before it was revealed that Mr. Musk had been buying up the ...

Mr. Musk has said he wants Twitter to fulfill its “societal imperative” as a platform for free speech. Elon Musk made a centerpiece of his bid for Twitter the need to restrain what he sees as overly aggressive content moderation policies that limit what people can say on the site. Mr. Musk announced a deal with Twitter Monday morning after announcing that he had lined up $46.5 billion in financing for his takeover bid. Over the weekend, as negotiations for his takeover of Twitter were approaching their final stages, Elon Musk took a shot at fellow billionaire Bill Gates in a series of high-profile tweets. That’s not far below the $54.20 price agreed to in the deal with Mr. Musk, which shareholders will receive when the acquisition is made official and Twitter becomes a private company. In a statement on Monday, Mr. Musk said he would focus on “new features, making the algorithms open source to increase trust, defeating the spam bots and authenticating all humans.” The biggest question Wall Street has been asking since Elon Musk said he wanted to buy Twitter was: How would he fund such a deal? Twitter users voiced a mix of excitement, worry and skepticism on Monday about Elon Musk’s takeover of the site. It would be the largest deal to take a company private — something Mr. Musk has said he will do with Twitter — in at least two decades, according to data compiled by Dealogic. “Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.” By taking the company private, Mr. Musk could work on the service out of sight of the prying eyes of investors, regulators and others. As a social network, Twitter is an influential platform that sets the agenda for many in business, politics and society.

Twitter's share price gained 5.66 per cent or 2.77 points to finish at $51.70. Elon Musk has reached an agreement to acquire Twitter for approximately $44 ...

He says it needs to be transformed as a private company in order to build trust with users and do better at serving what he calls the "societal imperative" of free speech. Twitter's share price made hefty gains on the US stock market. The outspoken Tesla CEO, the world's wealthiest person, has said he wants to buy Twitter because he thinks it's not living up to its potential as a platform for "free speech."