Twitter has just issued a press release that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk for $54.20 per share in a cash in a transaction valued at approximately $44 billion, upon completion Twitter will become a privately held company.
Elon Musk has secured $25.5 billion of fully committed debt and margin loan financing from Morgan Stanley and a $21 billion equity commitment. Other participating banks include Bank of America, Barclays, MUFG, Societe Generale, Mizuho Bank and BNP Paribas.
Source: Twitter Press Release
