Twitter on Monday (local time) confirmed the sale of the
company to Musk for $44 billion. Under the terms of the deal, shareholders will
receive $54.20 in cash for each share of Twitter stock they own, matching
Musk's original offer and marking a 38 per cent premium over the stock price
the day before Musk revealed his stake in the company, CNN reported.
Elon’s goal of creating a platform that is “maximally trusted and broadly inclusive” is the right one. This is also @paraga’s goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path...I believe it with all my heart.
— jack⚡️ (@jack) April 26, 2022
Dorsey called Musk buying Twitter a step in the right
direction for the website.
"Elon's goal of creating a platform that is maximally
trusted and broadly inclusive is the right one. This is also @paraga's goal,
and why I chose him. Thank you both for getting the company out of an
impossible situation. This is the right path I believe it with all my
heart," he added.
For those unaware, Dorsey, the maverick co-founder of
Twitter, on November 29, 2021, suddenly announced his resignation. Parag
Agarwal, an IITian who was CTO at Twitter, was named his replacement.