Twitter confirms sale of company to Elon Musk for $44 billion
One of the world's biggest deals in the tech world, billionaire Elon Musk, has taken control of Twitter. He has signed an agreement to buy Twitter for about $ 44 billion.
The deal has given the Tesla CEO ownership of the company with 217 million users.
Musk will have to pay $ 54.20 (Rs 4148) for every share of Twitter.
Twitter plays an influential role in shaping the political and media agenda on both sides of the Atlantic.
About Elon Musk
He was born on 28 June 1971 Pretoria, South Africa
Mr. Musk is the world’s wealthiest person, according to Forbes, with a nearly $279 billion fortune.
Mr. Musk began making his fortune in 1999, when he sold Zip2, an online mapping and business directory, to Compaq for $307 million.
He used its stock to become PayPal, an Internet service that went beyond banks and allowed consumers to pay businesses directly.
That same year, Musk founded Space Exploration Technologies, or SpaceX.
The company developed cost-effective reusable rockets.
In 2004, Musk invested in Tesla, then in a startup trying to build electric cars.
Eventually he was made CEO of Tesla and led the company to astronomical success as the world's most valuable automaker and largest seller of electric vehicles.
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