oct 28, 2022 - "Twitter confirms completion of Elon Musk’s $44 billion acquisition deal" CNN Buisness 2022, Oct 28

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CNN 2022, Oct 28 - "Twitter confirms completion of Elon Musk’s $44 billion acquisition deal"


New York CNN Business — 

Elon Musk has completed his $44 billion acquisition of Twitter, the company confirmed in a securities filing Friday, putting the world’s richest man in charge of one of the world’s most influential social media platforms.

The company said the deal “became effective” on Thursday, as part of a filing notifying its intention to de-list from the New York Stock Exchange, a move that happened later on Friday. The confirmation comes after a source familiar with the deal told CNN the deal had closed Thursday night.

Musk also appeared to acknowledge the takeover in a tweet Thursday night saying, “the bird is freed.”

The deal’s closing removes a cloud of uncertainty that has hung over Twitter’s business, employees and shareholders for much of the year. It also averts a court battle that was set to take place if the acquisition did not close by 5 p.m. ET Friday.

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