Twitter reaches deal to sell to Elon Musk for about $44 billion

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Tesla CEO Elon Musk speaks at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening party on April 7, 2022 in Austin, Texas. Suzanne Cordeiro/AFP via Getty Images

Suzanne Cordeiro/AFP via Getty Images

Twitter has agreed to sell to Elon Musk, handing the world’s richest man control of a social network that has far-reaching influence on politics and society.

Musk will pay $54.20 a share to take the social media company private, according to an announcement from Twitter, which gives Musk the company for

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