Elon Musk’s $44 billion Twitter deal gets board endorsement
Published: Jun. 21, 2022 at 8:40 AM EDT
NEW YORK (AP) — Twitter’s board is recommending that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk.
Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter remain far below his offering price, signaling considerable doubt that it will happen.
Shares are up about 3% before the opening bell Tuesday, far short of the $54.20 per-share that Musk has offered for each share.
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