Elon Musk-Twitter deal: A look at some key numbers
The South Africa-born Tesla CEO and world's richest person will soon own the social networking site, with a deal worth $44 billion agreed between the two sides.
Elon Musk and Twitter have sealed a deal which will see the world’s wealthiest man become the owner of the social networking site. Once the agreement is formally closed, Twitter, which, at present, is a publicly-traded firm, will become a private company owned by the South Africa-born Tesla CEO.
Tesla CEO and soon-to-be-owner of Twitter, Elon Musk (File Photo/Reuters) (Reuters / File)
Rumours started building up earlier this year about the 50-year-old billionaire possibly purchasing Twitter. However, it was only in recent days things became serious and, after multiple rounds of discussions, the two sides finally arrived at an agreement.
Here’s all you need to know about some key numbers:
(1.) $44 billion: The amount which Musk will pay to Twitter to buy the company.
(2.) $54.20: The negotiated purchase price for each share of Twitter.
{{^htLoading}} {{/htLoading}}
{{^usCountry}}
(3.) $21 billion: As part of the deal, Musk will pay the said sum in cash, while the remaining amount will be paid through loans from Morgan Stanley, Barclays, Bank of America, BNP Paribas, among others. It remains to be seen where he will cover the cash portion from.
{{/usCountry}}
{{#usCountry}}
(3.) $21 billion: As part of the deal, Musk will pay the said sum in cash, while the remaining amount will be paid through loans from Morgan Stanley, Barclays, Bank of America, BNP Paribas, among others. It remains to be seen where he will cover the cash portion from.
(4.) $257 billion: Musk’s net worth, according to the Bloomberg Billionaire’s Index. Amazon’s Jeff Bezos is a distant second at $170 billion, followed by Bernard Arnault at $136 billion.
(5.) 206 million: The total number of Twitter users in the world, as of the second quarter of 2021, according to statista.com. The United States tops the list with 76.9 million users, followed by Japan and India, at more than 58 million and 23.6 million, respectively.
(6.) 131.7 million: The total number of people who follow Barack Obama on the platform, making the former US President the most followed person on Twitter.
(7.) 85.1 million: The number of users who follow Musk.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/Elon Musk-Twitter deal: A look at some key numbers
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
