Twitter Share Price Hike

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In the Twitter board meeting late on Monday night, the board stamped this deal between Elon Musk and Twitter.

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Elon Musk has made a deal in Twitter Inc. for $44 billion in cash at $54.20 per share.

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As soon as the deal was signed between Elon Musk and Twitter, Twitter's shares saw a strong rise.

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Shares of Twitter Inc closed up more than 5 percent in early trading on Wall Street on Monday.

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Twitter share price touched a high of $ 52.29 during intra-day trading. If experts are to be believed, the stock may continue to rise.

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After this deal, Elon Musk will have 100% stake in Twitter and Twitter will become his private company.

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But this deal of Twitter's takeover is not showing enthusiasm in the shares of Elon Musk's company Tesla.

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On Monday, Tesla Stock fell 0.70 per cent to close at USD 998.02. Tesla shares have fallen more than 8 percent in the past month.

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Tesla Chief Elon Musk, one of the richest man in the world, finally bought Twitter. for 44 billion US dollars.

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