Elon Musk buys Twitter for $44 billion
Elon Musk, the world's richest person, has bought Twitter. He bought the company for $44 billion. On April the 4th, he bought 9 per cent of Twitter for $2.6 billion. Twitter's value then went up by 27 per cent. Musk wanted to buy the whole company, but the board of directors said no. However, on April the 25th, the board said yes. Musk is number seven on the list of Twitter's most-followed people. He has 84 million followers. Former U.S. President Barack Obama is top of the list with 131 million followers. A former Twitter boss is happy that Musk is the new owner. |