After over six-months of on again, off again and lawsuits…Tesla and SpaceX’s Elon Musk finally closed the deal on purchasing Twitter on Thursday, October 27th. The final price tag of tag of the merger between Twitter and Musk’s subsidiary X Holdings II, Inc. was $44B USD. What does this mean for the 16-year old once publicly held company? Rumors have been flying over the past week, some propagated by Musk himself including laying off 75% of the staff. Here is break-down of the recent news before and after Musk’s take-over/merger of Twitter: Elon Musk reportedly tells Twitter he won’t lay…
X Holdings II
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