Acquisition of Twitter by Elon Musk

On April 14, 2022, entrepreneur proposed to buy out social , Inc. for $43 billion, after previously acquiring 9.1% of the ’s stock for $2.64 billion, becoming its largest single shareholder.

had then invited Musk to join their board of directors, which Musk accepted before changing his mind.

In response to Musk’s proposal, announced a “poison pill” strategy the next day to allow shareholders to purchase additional stock in the event a buyout should occur.

On April 25, ’s board of directors unanimously accepted Musk’s buyout offer of $44 billion, with the set to become privatized.

As of April 2022, the acquisition is pending approval from regulators and shareholders.