Elon Musk acquires Twitter for Rp629tn, taking it private

Elon Musk
Elon Musk (Source: Associated Press)

A number of companies supporting the funding including Bank of America, Barclays, MUFG, Societe Generale, Mizuho Bank, and BNP Paribas.

Elon Musk’s plan to buy 100% of Twitter’s shares was conveyed to shareholders on Monday (11/4). Elon Musk offered to buy the company at US$54.20 per share, 38% higher than Twitter’s stock price as of Friday (1/4), the day before the public announcement that Elon Musk took 9% stake in the company. (at)