Twitter confirms sale of company to Elon Musk for $44 billion

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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.