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Elon Musk To Acquire Twitter

Apr 25, 2022•over 3 years ago

Acquiring Company

Elon Musk

San FranciscoFinancial ServicesOther

Description

Twitter, Inc. (NYSE: TWTR) today announced 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 cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.

Company Information

Company

Elon Musk

Location

San Francisco, California, United States

About

The financing plan comes after Mr Musk made a $43 billion offer to take Twitter private, a bid that the San Francisco-based company has still not responded to.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed