The world's richest man Elon Musk completed his $44 billion acquisition of Twitter Inc
Musk looks to be closing the Twitter acquisition deal at the $54.20 per share price he was offered in April 2022
Twitter sued Musk in July 2022, after he said deal cancelled due 230 million spam and bot accounts
Musk later agreed to consummate the buyout of Twitter. His lawyers asked McCormick to delay Oct 17 trial so he could close the deal
Musk assured the bankers to close the deal on time and banks providing $13 billion debt financing to buyout Twitter
Musk already changed his profile descriptor on Twitter platform as "Chief Twit"
Musk Fired top official CEO Parag Aggarwal and CFO Ned Segal and he himself taken the ful control of Twitter
Musk denied to cut off 75% of staff, but he informed to advertisers he doesn't want Twitter to become free for all
Tesla's stock has been feeling the squeeze from Musk's acquisition of Twitter. Investors worry that taking on another big company would distract the Tesla
Tesla and Twitter incorporated in Delaware, corporate home to more than 50% of United States public and 60% of Fortune 500 firms