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Twitter accepts Elon Musk’s buyout deal

https://www.cnbc.com/2022/04/25/twitter-accepts-elon-musks-buyout-deal.html

·       Twitter’s board accepted billionaire Elon Musk’s offer to buy the social media company and take it private, the company confirmed.

·       The announcement ends a weeks-long saga Musk kicked off when he offered to buy the company at $54.20 per share, his “best and final.”

·       Twitter’s board sought to fend off a hostile takeover by adopting a so-called poison pill.