The Twitter board has unanimously approves Elon Musk offer to buy the social media for a sum of $44 billion. The world’s richest person, Musk has said that he is going to keep it private and will release the source code.
This is the tweet Elon tweeted to announce the acquisition:
🚀💫♥️ Yesss!!! ♥️💫🚀 pic.twitter.com/0T9HzUHuh6
— Elon Musk (@elonmusk) April 25, 2022
before that, he had tweeted :
I hope that even my worst critics remain on Twitter, because that is what free speech means
— Elon Musk (@elonmusk) April 25, 2022
and :
And be my love in the rain
— Elon Musk (@elonmusk) April 25, 2022
Highest price for a social media platform
So far, Twitter’s price is the almost twice the price of any other social media acquisition. In the past, Salesforce had bought Slack for a sum of $28 billion. LinkedIn was paid $26 billion by Microsoft. Facebook had acquired WhatsApp for $19 billion and Instagram for $1 billion a while ago. Another Microsfot acquisition was Skype for 8.5 billion. Ages ago, Google had bought YouTube for a whooping $1.65 billion. And, Yahoo’s acquisition of Tumblr for $1.1 is also a notable high price acquisition in the tech industry.
Acquisition prices:
Twitter: $44 billion (Elon Musk)
Slack: $28 billion (Salesforce)
LinkedIn: $26 billion (Microsoft)
WhatsApp: $19 billion (Facebook)
Skype: $8.5 billion (Microsoft)
YouTube: $1.65 billion (Google)
Tumblr: $1.1 billion (Yahoo)
Instagram: $1 billion (Facebook)
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