Twitter Stock Jumps As Board Recommends Elon Musk’s $44 Billion Takeover Bid

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The Street

By Martin Baccardax Twitter said Elon Musk’s $44 billion takeover proposal is “fair to, advisable and in the best interests of Twitter and its stockholders.” Updated at 6:28 am EST Twitter (TWTR) – Get Twitter Inc. Report said Tuesday that its board of directors is recommending that shareholders vote in favor a merger agreement that would see Tesla (TSLA) – Get Tesla Inc. Report CEO Elon Musk purchasing the micro-blogging website for around $44 billion. The recommendation comes ahead of a likely early August vote on the deal, which would see Musk, by some measures the world’s richest man, purc…

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