Twitter’s Board of Directors officially accepted Elon Musk’s offer of $54.20 per share in cash, valuing the company at around $44 billion. The deal would allow Musk to take the 16-year-old social media platform private and implement a wide range of changes to the struggling tech firm.
There are still many hurdles to overcome for the transaction to be completed. It will be difficult to ascertain how long the regulatory process will take, while experts expect that it will likely be a few weeks before the stock is delisted on the New York Stock Exchange.
