Tesla CEO Elon Musk has become the new owner of Twitter. Musk has made a deal of $ 44 billion, i.e. 3,368 billion rupees to buy this microblogging site. Twitter's independent board chairman Brett Taylor gave information about the deal with Musk in a press release at 12.24 pm Indian time.
Musk will have to pay $ 54.20 (Rs 4,148) for every share of Twitter. He already has a 9% stake in Twitter. He is the largest shareholder of Twitter. After the latest deal, he will have a 100% stake in the company and Twitter will become his private company.
What's in the deal and how did it get approved?
According to the report of CNN, after becoming a company owned by Elon Musk, all the shareholders of Twitter will get $ 54.20 i.e. Rs 4,148 cash for every share. This share price is 38% higher than before Musk disclosed his 9% stake in Twitter.
Musk said last week that he had financed $46.5 billion to buy Twitter. After this, the board of Twitter took a fresh look at Musk's offer. On Sunday, an important meeting of Twitter's board was also held to discuss Musk's offer.
Musk talks about unlocking Twitter
It was reported late on Monday evening that Twitter's board had accepted Musk's offer. In such a situation, it was almost decided that Musk would be the new owner of Twitter. After the micro-blogging site's purchase deal was finalized, Musk tweeted advocating for free speech. Along with this, he talked about unlocking Twitter.
Twitter's stock rose 6% on deal talk
On Monday, discussions continued throughout the day about Elon Musk buying Twitter. This had led to a 6% jump in Twitter's stock. After coming into the hands of Musk, people expect big growth in the company. Musk himself has also said that Twitter has a lot of potentials.
Before the deal, Musk tweeted: "Hopefully my worst critics stay on Twitter because that's what free speech means."
Supporters of Freedom of Speech on Twitter
Elon Musk is the richest businessman in the world. He is in favor of Freedom of Speech. He also cited the reason behind his intention to buy Twitter that the freedom of speech on this social media platform is under threat and he wants to ensure that it remains. The profile of Musk can be understood from the graphic below.
217 million active users worldwide
The importance of the micro-blogging site Twitter can be gauged from the fact that it has 217 million active users worldwide. The highest of these 77 million are in America. The second number is Japan, where 58 million people use Twitter. At the same time, India is number three with 24 million users.
500 million tweets every day, 38% of users are young
Around 500 million tweets are made every day around the world. The special thing is that 38% of Twitter users are young. Their age is between 25 to 30 years. Each person has an average of 707 followers. If all these figures are combined, then the number of people connected to Twitter in some form or the other around the world goes out to more than 217 million.
Musk was previously the largest shareholder in Twitter
Even before the deal to buy Twitter was finalized, Elon Musk was Twitter's largest shareholder with a 9.2% stake. He is followed by Vanguard Group, which holds 8.8%. Now Musk will own 100% of Twitter and it will become a private company of his.
The tussle between the Twitter management and Musk continued
Musk revealed about 4 weeks ago that he had bought a 9.2% stake in Twitter. With a 9.2% stake, he became Twitter's largest shareholder. Since then, there has been a lot of tension between Musk and Twitter. Twitter CEO Parag Agarwal invited Musk to join Twitter's board of directors on April 4. On April 9, Musk told Twitter that he would not be joining the board.
Himachal Election: Congress high command leaves for Shimla, called MLAs to one place, preparing to send them to Chhattisgarh
In Himachal Pradesh, the high command has started formulating the next strategy as the initial trend is in favor of the Congress till 11:30 am. Bhupinder Singh Hooda, former Chief Minister of Haryana
Narendra Modi's election chariot: not just a campaign car, but a fort of facilities and security; Even bullets and bombs cannot harm PM
Prime Minister Narendra Modi recently conducted a road show in his parliamentary constituency Varanasi. Now a road show is proposed in Kolkata on Tuesday. His election chariot decorated in
Sanchar Saathi App: The government has removed the requirement for pre-installation of the Sanchar Saathi app, stating that its acceptance is increasing.
The Central Government has issued a major statement regarding the Sanchar Sathi app. The government has not mandated the pre-installation of this app on phones. The Ministry of Telecommunications
The mock drill tested the preparation for war against Corona, campaign in hospitals of all states and union territories
Mock drills were organized in various hospitals across the country on Tuesday on the advice of Prime Minister Narendra Modi to be prepared to deal with any situation because of the rapidly increasing
Sikandar's booking took a toll on Mohanlal's film L2 Empuraan? Salman Khan spoke on box office clash
Salman Khan's film 'Sikander' is all set to hit the theatres. As soon as the trailer was released, the makers opened the advance booking of this film and every day the tickets of the film are selling
Houthi: US-UK's major air attack on Houthi rebels in Yemen, tension may increase in West Asia
America and Britain have taken major action against Houthi rebels targeting merchant ships in the Red Sea. The armies of both countries have carried out air strikes on the positions of Houthi rebels
Global Recession: India is different from the possibility of a global recession, there is a possibility of strong growth in employment
Ajit Isaac, founder and non-executive chairman of business services provider Quess Corp, has said that India has been largely insulated from the rest of the world's outlook for recession. The current
PM Modi on Pongal: After performing cow worship at Murugan's house, PM Modi said, "Pongal is now a global festival"; he also emphasized the importance of protecting nature.
Prime Minister Narendra Modi attended the Pongal festival at the residence of Union Minister of State L. Murugan in New Delhi on Wednesday. He also performed cow worship (Gau Seva). Prime Minister
Singham Again: Rohit Shetty gets strict orders from the censor board, and initially write that this story is not about Ram, but about today
Singham Again will be released on the occasion of Diwali this year. Fans are eagerly waiting for this Ajay Devgan starrer film. The film is releasing along with Kartik Aaryan's Bhool Bhulaiyaa 3.
Kathua Cloudburst: People were sleeping... a strong current came, people ran to the roofs to save their lives, household was destroyed; there was nothing left to eat
The flood caused by a cloudburst in Kathua on Sunday morning destroyed everything. People were sleeping in their houses when a strong current of water entered their houses. The family members somehow
