Elon Musk set to buy Twitter for $44 billion

What: Elon Musk’s proposal for $44 billion has been accepted by Twitter.

About: The deal is expected to close within the next couple of weeks. A spokesperson for the company stated, “The intention of the company is to close the transaction at $54.20 per share.” A letter confirming Musk’s plan to buy the company at the original price he proposed $44 billion was sent to the company by his attorney.

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