From the press release:

Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.

If you thought the coming attractions were entertaining, get your popcorn ready, this is going to be hilarious.

On a related note, although there were already plenty of reasons to leave Twitter, if this is what pushed you over the edge and you end up on an ActivityPub-powered service, you can follow me @mike@libertynode.net. And if it’s a Mastodon instance, I shared some thoughts late last year about my experience and some of the tools I’ve found useful.

➝ Source: prnewswire.com