{"id":40517,"date":"2022-04-26T09:36:54","date_gmt":"2022-04-25T23:36:54","guid":{"rendered":"https:\/\/cms.star1045.com.au\/?p=40517"},"modified":"2022-04-26T09:36:57","modified_gmt":"2022-04-25T23:36:57","slug":"billionaire-elon-musk-strikes-deal-to-buy-twitter-61-billion","status":"publish","type":"post","link":"https:\/\/cms.star1045.com.au\/home\/billionaire-elon-musk-strikes-deal-to-buy-twitter-61-billion\/","title":{"rendered":"Billionaire Elon Musk Strikes Deal To Buy Twitter $61 Billion"},"content":{"rendered":"\n<p>Billionaire Elon Musk has brought social media giant Twitter in a deal valued at $61.4 billion AUD.<\/p>\n\n\n\n<p>Twitter began negotiating with Musk after he proposed to buy the company for a $54.20 USD per share price on April 14.<\/p>\n\n\n\n<p>Twitter\u2019s board first seemed opposed to the deal enacting their anti-takeover measures but moved to unanimously accept the deal worth $41 billion USD ($61.4 billion AUD) overnight.<\/p>\n\n\n\n<p>In a statement, Twitter board chair Brett Taylor said the deal is the best path forward for the social media giant.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThe Twitter Board conducted a thoughtful and comprehensive process to assess Elon\u2019s proposal with a deliberate focus on value, certainty, and financing,\u201d Taylor said.<\/p><\/blockquote>\n\n\n\n<p>\u201cThe proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter\u2019s stockholders.\u201d<\/p>\n\n\n\n<p>Space X owner Musk shared a statement on Twitter, saying free speech is the bedrock of a functioning democracy and the social media giant is the \u201cdigital town square\u201d.<\/p>\n\n\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\">\ud83d\ude80\ud83d\udcab\u2665\ufe0f Yesss!!! \u2665\ufe0f\ud83d\udcab\ud83d\ude80 <a href=\"https:\/\/t.co\/0T9HzUHuh6\">pic.twitter.com\/0T9HzUHuh6<\/a><\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1518677066325053441?ref_src=twsrc%5Etfw\">April 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n\n\n\n<p>Musk also revealed he hopes even his critics stay on Twitter.<\/p>\n\n\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I hope that even my worst critics remain on Twitter, because that is what free speech means<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1518623997054918657?ref_src=twsrc%5Etfw\">April 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n\n\n\n<p>The takeover will take approximately 6 months to become a reality, with Twitter\u2019s shares delisted and the company to be privatised.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.dailymail.co.uk\/news\/article-10751017\/Elon-Musk-seize-Twitter-TODAY-talks-reach-final-stages.html\" target=\"_blank\" rel=\"noreferrer noopener\">Staff have reportedly been told<\/a>&nbsp;there will be no redundancies or lay-offs \u201cat this time\u201d.<\/p>\n\n\n\n<p>Musk is the world\u2019s richest person according to&nbsp;<em>Forbes<\/em>&nbsp;with an estimated net worth of $273.6 billion.&nbsp;<\/p>\n\n\n\n<p><em>Listen via the Star 104.5 Player, download it now via the <\/em><a href=\"https:\/\/apps.apple.com\/au\/app\/star-104-5-central-coast\/id1068731232\"><em>App Store<\/em><\/a><em> or <\/em><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=au.com.star1045\"><em>Google Play<\/em><\/a><em> and take Star 104.5 wherever you go.<\/em><\/p>\n\n\n\n<p><em>Images:\u00a0Getty<\/em><\/p>\n\n\n\n<p><em>By Bek Lougher<\/em><\/p>\n\n\n\n<p><strong>SEE MORE:&nbsp;<\/strong><a href=\"https:\/\/cms.star1045.com.au\/home\/here-are-all-the-locations-featured-in-the-toni-collettes-pieces-of-her-filmed-on-the-central-coast\/\">Here Are All The Local Locations Featured In The Toni Collette Drama Filmed On The Central Coast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Elon Musk has brought social media giant Twitter in a deal valued at $61.4 billion AUD. Twitter began negotiating with Musk after he proposed to buy the company for a $54.20 USD per share price on April 14. Twitter\u2019s board first seemed opposed to the deal enacting their anti-takeover measures but moved to unanimously [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":40673,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,4665],"tags":[8978],"geo_market":[],"class_list":["post-40517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-central-coast-news","tag-star-104-5-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.2.1 (Yoast SEO v23.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Billionaire Elon Musk Strikes Deal To Buy Twitter $61 Billion<\/title>\n<meta name=\"description\" content=\"Billionaire and wealthy owner of Telsa Elon Musk has brought social media giant Twitter in a deal valued at $61.4 billion AUD.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.star1045.com.au\/home\/billionaire-elon-musk-strikes-deal-to-buy-twitter-61-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaire Elon Musk Strikes Deal To Buy Twitter $61 Billion\" \/>\n<meta property=\"og:description\" content=\"Billionaire and wealthy owner of Telsa Elon Musk has brought social media giant Twitter in a deal valued at $61.4 billion AUD.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.star1045.com.au\/home\/billionaire-elon-musk-strikes-deal-to-buy-twitter-61-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Star 104.5 Central Coast\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-25T23:36:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-25T23:36:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cms.star1045.com.au\/wp-content\/uploads\/2022\/04\/elon-musk-getty-images.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1744\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bek Lougher\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bek Lougher\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.star1045.com.au\/home\/billionaire-elon-musk-strikes-deal-to-buy-twitter-61-billion\/\",\"url\":\"https:\/\/cms.star1045.com.au\/home\/billionaire-elon-musk-strikes-deal-to-buy-twitter-61-billion\/\",\"name\":\"Billionaire Elon Musk Strikes Deal To Buy Twitter $61 Billion\",\"isPartOf\":{\"@id\":\"https:\/\/cms.star1045.com.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cms.star1045.com.au\/home\/billionaire-elon-musk-strikes-deal-to-buy-twitter-61-billion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cms.star1045.com.au\/home\/billionaire-elon-musk-strikes-deal-to-buy-twitter-61-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cms.star1045.com.au\/wp-content\/uploads\/2022\/04\/elon-musk-getty-images.jpg\",\"datePublished\":\"2022-04-25T23:36:54+00:00\",\"dateModified\":\"2022-04-25T23:36:57+00:00\",\"author\":{\"@id\":\"https:\/\/cms.star1045.com.au\/#\/schema\/person\/6a5adc5c77f0323219f7987427851ae9\"},\"description\":\"Billionaire and wealthy owner of Telsa Elon Musk has brought social media giant Twitter in a deal valued at $61.4 billion AUD.\",\"breadcrumb\":{\"@id\":\"https:\/\/cms.star1045.com.au\/home\/billionaire-elon-musk-strikes-deal-to-buy-twitter-61-billion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cms.star1045.com.au\/home\/billionaire-elon-musk-strikes-deal-to-buy-twitter-61-billion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.star1045.com.au\/home\/billionaire-elon-musk-strikes-deal-to-buy-twitter-61-billion\/#primaryimage\",\"url\":\"https:\/\/cms.star1045.com.au\/wp-content\/uploads\/2022\/04\/elon-musk-getty-images.jpg\",\"contentUrl\":\"https:\/\/cms.star1045.com.au\/wp-content\/uploads\/2022\/04\/elon-musk-getty-images.jpg\",\"width\":1744,\"height\":1200,\"caption\":\"BEVERLY HILLS, CA - FEBRUARY 22: CEO of Tesla and Space X Elon Musk attends the 2015 Vanity Fair Oscar Party hosted by Graydon Carter at Wallis Annenberg Center for the Performing Arts on February 22, 2015 in Beverly Hills, California. 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