Twitter's board has accepted an offer from billionaire Elon Musk to bu the social media company and take it private, the company announced Monday.

The cash deal at $54.20 per share is valued around $44 billion, according to the press release. Twitter will become a private company once the deal is complete.

The announcement ends a weeks-long saga Musk kicked off when he disclosed a large stake in the company. Soon after, the company said he would join the board, only for Musk to reverse course on that plan several days later. Then, he offered to buy the company at $54.20 per share, his "best and final." That offer valued Twitter at

about $43 billion.

Date: 25th April, 2022