For how much money did Elon Musk agree to acquire Twitter in 2022?

Elon Musk agreed to acquire Twitter in 2022 for $44 billion.

The deal valued Twitter at $54.20 per share. Musk disclosed a large stake in Twitter in March 2022 and made a formal acquisition proposal in April. Twitter’s board accepted the agreement on April 25, 2022, after negotiations over the proposed purchase.

The transaction became contentious when Musk attempted to withdraw, citing concerns about the number of spam and bot accounts. Twitter sued to enforce the agreement, and the dispute continued through the summer and autumn. Musk ultimately completed the purchase on October 27, 2022.

The acquisition changed Twitter’s ownership, leadership and business direction. Musk became chief executive, later stepping aside as CEO for Linda Yaccarino in 2023. The company subsequently rebranded the platform as X. The $44 billion figure refers to the agreed transaction value, not simply the amount of cash Musk personally paid, because the deal used a mixture of financing sources and equity commitments.