Elon Musk Closes Twitter Deal: What’s Next?

  • The New York Stock Exchange confirmed in a notice on its website that Twitter will be suspended from trading on Friday. Bloomberg News reported that Musk could potentially retake Twitter public within three to five years, citing sources familiar with the matter.
  • Elon Musk officially closed his $44 billion acquisition of Twitter on Thursday evening. Under the agreement, Musk is taking the social media giant private at $54.20 per share.
  • “The easy part for Musk was buying Twitter; the difficult part and Everest-like uphill battle looking ahead will be fixing this troubled asset,” Wedbush Securities analyst Dan Ives wrote in a note to clients on Thursday.
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