Last week Elon Musk announced his bid to fully acquire Twitter and take it off the stock market, and initially it seemed like the company would politely (or not so politely) decline. However, a few days later it appears as it did some more thinking and today it officially announced that it’s accepting Musk’s bid.
This means that Twitter has now “entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk”, according to the company’s press release. The price is $54.20 per share in cash (which means not shares in SEC-speak, and not actual cash, by the way). Thus…
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