In what year did Elon Musk acquire Twitter?

Elon Musk acquired Twitter in 2022. He began buying Twitter shares in January and disclosed a 9.2% stake in April, briefly becoming the company’s largest shareholder. On April 14, Musk offered to buy the company and take it private for $54.20 per share.

Twitter’s board accepted the roughly $44 billion offer on April 25, 2022. The deal then became controversial when Musk tried to withdraw, citing concerns about spam and bot accounts. Twitter sued him in Delaware, but Musk ultimately agreed to complete the purchase before the scheduled trial.

The acquisition closed on October 27, 2022, when Musk took control and became Twitter’s owner and CEO. Twitter was taken private and later merged into X Corp. A common mix-up is confusing the year of the agreement, 2022, with the later rebranding of Twitter to X, which happened in 2023.