SAN FRANCISCO: Twitter announced on Monday it has accepted Tesla CEO Elon Musk’s offer to acquire the company at US$54.20 a share, valuing the social media platform at US$44 billion.“The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,“ Twitter’s Independent Board Chair Bret Taylor said, reported Xinhua.“The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders,“ he added.The company said that the transaction was unanimously approved by the board, and it might likely close this year following shareholder and regulato
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