Elon Musk officially buys Twitter

Update, at 11:54 PDT: Twitter announced in a news bulletin that they “have entered into a final agreement to be acquired by a unit 100% owned by Elon Musk, for $ 54.20 per share in cash in a transaction worth approximately $ 44 billion. Following the completion of the transaction, Twitter will become a privately held company. “

Twitter says the transaction is “expected to close in 2022” subject to shareholder and government approval.