Deal Structure and Final Purchase Price
Elon Musk completed the acquisition of Twitter in October 2022 after reaching a merger agreement in April 2022 at a fixed price of $54.20 per share, totaling approximately $44 billion, as disclosed in SEC filings and official company announcements SEC EDGAR filing. The transaction moved Twitter from a publicly traded company to a privately held entity under X Holdings Corp, with Musk assuming full ownership and control of the platform's operations, data, and strategic direction Forbes coverage.
Ownership, Leadership, and Platform Rebranding
Following the acquisition, Musk restructured the company's leadership, replaced multiple senior executives, and rebranded the platform as X, with the Twitter brand and domain redirected accordingly Forbes. The platform's ownership now sits under X Holdings Corp, with Musk serving as the sole controlling shareholder and CEO of the combined X entity that encompasses the social platform, payment services, and other planned features Forbes.
Financial Impact and Current Platform Status
Musk personally funded a significant portion of the deal using margin loans against Tesla and SpaceX shares, while other investors participated through entities such as Fidelity and private equity funds, with the total capital structure detailed in regulatory filings and public disclosures SEC. As of the latest available public data, X operates as a private company with reduced workforce, new subscription tiers, and updated content policies, while the former Twitter stock ticker and public market presence were formally retired following the take-private transaction Forbes.