Most Viewed Content:

Xiaomi Band 7 NFC unboxing: Large screen and healthy & sports function upgrade

Xiaomi Band 7 was officially released this evening, with...

OPPO Reno 8 series launched with new generation processors; specifications, price

OPPO Reno 8 series just launched consisting of three devices with new generation processors and a gorgeous design.

Redmi Note 11T Pro, Note 11T Pro+ launched with Dimensity 8100; specifications, price

The new Redmi Note 11 Pro series promises awesome performance thanks to the MediaTek Dimensity 8100 processor.

Elon Musk buys Twitter for $44 billion

Elon Musk announced last week his bid to entirely acquire Twitter and delist it from the stock market. At first, it appeared that the firm would kindly decline the offer. However, it appears that there were debates and discussions done after a few days. The company now officially stated that it is accepting Musk’s bid.

According to the company’s press release, Twitter reached a final agreement with Elon Musk. Accordingly, an entity wholly owned by Elon Musk will acquire Twitter. The cash price is $54.20 per share, which means not shares in SEC-speak, and not actual cash, by the way. As a result, the total transaction value is around $44 billion. There will be no trading of shares in any stock market as Twitter will become a privately owned corporation, post-transaction. The process might take months due to all of the regulatory scrutinies it is certain to face.

Who Invented Twitter?
Twitter

After all, this was Musk’s original goal, and it appears to be working out very well for him. During the last listing of stocks, Elon musk’s pay per stock reflected a 38% premium over Twitter’s final stock price.

Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated“, Musk stated. Musk plans on making Twitter a comparatively better place by enhancing the product with new features. He also plans in making the algorithms open source to increase trust. Elon Musk plans to get the better of the spambots, and authenticate all humans. Musk believes that Twitter has tremendous potential. He looks forward to collectively working with the company and the community of users to unlock twitter’s potential.

Musk has managed to secure $25.5 billion of “fully committed debt and margin loan financing”. He is using roughly $21 billion over his own equity on top of it to fund the acquisition.

Latest

Razer Barracuda headphone series launch with noise cancellation; price and features

The new Razer Barracuda headphones both feature noise cancellation and Razer's SmartSwitch Dual Wireless technology.

Dell U3223QZ monitor with a 4K camera is up for purchase

The Dell U3223QZ monitor is available for purchase and will retail at 10,671 yuan. It comes with a built-in webcam for video conferencing.

Lenovo Tab P11 Plus launched with MediaTek Helio G90T

The Lenovo Tab P11 Plus is now available in more Asian region like Japan. This tablet uses the MediaTek Helio G90T processor.

Huawei Aito M7 electric SUV has been revealed

The Huawei Aito M7 image poster has popped up on the company's official website, we should be expecting its launch anytime soon.

Newsletter

spot_img

Don't miss

Razer Barracuda headphone series launch with noise cancellation; price and features

The new Razer Barracuda headphones both feature noise cancellation and Razer's SmartSwitch Dual Wireless technology.

Dell U3223QZ monitor with a 4K camera is up for purchase

The Dell U3223QZ monitor is available for purchase and will retail at 10,671 yuan. It comes with a built-in webcam for video conferencing.

Lenovo Tab P11 Plus launched with MediaTek Helio G90T

The Lenovo Tab P11 Plus is now available in more Asian region like Japan. This tablet uses the MediaTek Helio G90T processor.

Huawei Aito M7 electric SUV has been revealed

The Huawei Aito M7 image poster has popped up on the company's official website, we should be expecting its launch anytime soon.

Pixel Tablet is coming with stylus input support

At the recently held Google I/O 2022, Google revealed...
Neelakshi Sinha
Neelakshi Sinhahttps://www.techgoing.com
TechGoing is our last tech stories about mobiles, smart home, EVs, and tech gadgets. Take your time and immerse yourself in this amazing experience!
spot_imgspot_img

Google Pixel 7 prototype shows up at an eBay listing with a glossy back, metal frame design

Just a month ago, we got the first official look at Google’s upcoming Pixel series smartphone at the Google I/O 2022. It was surprising...

Xiaomi 13, 13 Pro names spotted, may launch ahead of schedule

Xiaomi launched the Xiaomi 12 and Xiaomi 12 Pro in China in December last year. The devices were introduced to the global market just...

Tesla Shanghai Plant has implemented a two shift working system

Signs of recovery have been seen in the Tesla Shanghai Plant as it adopts a two shift working system to help boost production process.