Twitter Share Price Hike

The world's richest man and Tesla company owner Elon Musk has bought the Twitter company.

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

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

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

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

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.

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

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

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.

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