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Elon Musk Officially Acquired Twitter!
Recently, Twitter's largest shareholder, Elon Musk, has made an application to the SEC to buy Twitter. Rumors that Elon Musk bought Twitter have been voiced since the early hours of the day. The purchase is now official.
The new owner of Twitter is officially Elon Musk. In its official statement, the social media giant reported that Elon Musk's $44 billion offer was accepted and a definitive agreement was reached.
In the statement, it was stated that after the completion of the transactions, Twitter will become a private company.
Under the terms of the deal, Twitter shareholders will receive $54.20 for each share. This price is 38 percent higher than the closing price recorded on April 1, 2022, the last trading day before Musk announced that he owns approximately 9 percent of the stake in Twitter.
Big Increase in Dogecoin
After Elon Musk officially bought Twitter, both Bitcoin and Dogecoin were on the rise. While the largest cryptocurrency with its market value exceeding $ 40 thousand, Dogecoin also saw above $ 0.16.
Musk made his first offer to buy Twitter completely in the second week of April. The world's richest man said he would reconsider his position as a shareholder if his offer of $54.20 per share was not accepted. At the time, Musk owned 9 percent of Twitter.
“I hope even my worst critics continue to be on Twitter, because that is what freedom of expression means,” Musk said on Twitter before the deal was officially announced. said.
Is the Twitter founder and former CEO Jack Dorsey returning?
After Elon Musk became the owner of Twitter, expectations increased that Jack Dorsey would return to Twitter. It is known that Dorsey and Musk are on good terms. However, Dorsey only included the phrase "Hi", which means "Hello", in his last tweet shared the previous day. It was alleged that Dorsey implied that he would return to Twitter with this tweet.
Twitter with Musk can undoubtedly have a big impact on Dogecoin. As a Dogecoin supporter, Musk had stated in the past weeks that it would be good to introduce the option to pay with Dogecoin in Twitter Blue subscriptions.