Elon Musk Finally Closes Twitter Deal

Billionaire Elon Musk has finally sealed his deal to buy social media platform Twitter.

The deal had faced a deadline of this Friday at 5 p.m. ET, per a lawsuit filed by Twitter.

The deal hit multiple roadblocks along the way. One was Musk’s concerns about the number of spam bots on Twitter. Also, at one point, Twitter, adopted a poison pill to block the takeover.

Earlier this month, Musk proposed moving ahead with the deal again at the originally agreed-upon price of $44 billion, or $54.20 per share.

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