Twitter’s board of directors unanimously approves Ilon Musk’s offer to buy Twitter

Elon Musk is one step closer to his long-awaited purchase of Twitter. Today, the company’s board of directors unanimously accepted the deal’s offer.

Interestingly, the stock is trading around $38 today, though Musk offered $54.20 in his offer. But that won’t affect the amount of the deal – as previously agreed upon, it will be $44 billion.

This money will be distributed among the current owners of the shares. Thus, former Twitter director and co-founder Jack Dorsey will get $978 million because he owns 2.4% of the securities. Current CEO Parag Agrawal will get $42 million. CFO Nick Segal will get $25.5 million richer.

What’s next

At today’s meeting, the board only approved the deal and filed for SEC review. They also decided on executive compensation amounts and agreed on dates for the next meetings. The final vote will take place in July or August.The cryptocurrency community expects Twitter to be even more digitally advanced following the move into the hands of Ilon Musk. The head of SpaceX himself makes no secret of this: he recently promised that he would introduce cryptopayments if he becomes the owner. However, not everyone understands the businessman’s love for digital currencies: a certain American recently filed a lawsuit against Musk for “cryptopyramid advertising”.