Musk U-turns over Twitter purchase

The on-off purchase of Twitter by U.S. billionaire Elon Musk is back on track again after a surprise U-turn in which Musk agreed to pay the original offer price of $44 billion
    

Renewed offer comes just weeks before two sides were due in court

Twitter, Inc.
Founded: Mar 21, 2006

Launched: Jul 15, 2006

HQ: San Francisco, California

Founders: 
Jack Dorsey 
Noah Glass 
Biz Stone 
Evan Williams

CEO: Parag Agrawal

Users: 229 million*


TWITTER SHARE PRICE TIMELINE

Apr4: Musk becomes largest shareholder at that time, with 9% stake

Apr 25: Twitter board accepts Musk’s offer

Apr 14: Musk launches surprise bid to buy Twitter for $54.20 per share ($44bn)

May 13: Musk puts deal on hold

Jul 8: Musk abandons purchase   
  
Jul 12: Twitter sues Musk for refusing to complete buy-out

Oct 4: Musk renews offer to buy Twitter for original bid. Share price surges more than 20%

Oct 5: $51.00


$55
50 
45
40
35
30 
	Jan 2022 Feb Mar Apr May Jun Jul Aug Sep Oct


*At Q1, 2022


Sources: BBC, Reuters, Yahoo! Finance  
Picture: Getty Images 
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