NYSE delists Twitter shares following Elon Musk acquisition By Cointelegraph


NYSE delists Twitter shares following Elon Musk acquisition

Social media giant Twitter was officially acquired by Elon Musk on Oct. 27 in a deal that saw a war of words, a court battle and some firings right away. Musk acquired the social network platform at $54.2 per share price, bringing the total value of the deal close to $44 billion.

Musk is also taking the company private as part of the deal, resulting in the delisting of the company’s stock and taking it out of the hands of public shareholders.

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