mike sigel net worth 2018 - But where did this $44 billion go? Well, it was used to buy out all the existing shareholders of Twitter. These were the people who owned the stock, from big institutional investors to everyday folks. Essentially, Musk offered them a price per share that they couldn't refuse. He had to convince them to sell their shares to him, and at that price, they did. The money went to these shareholders, and in exchange, Musk got control of the company. It's a pretty straightforward (though incredibly expensive) process, but it's the core of how acquisitions like this work. It also covered the costs of taking the company private. This includes legal fees, accounting, and other expenses associated with the transaction. Taking a public company private is not a simple process, it involves a lot of paperwork and compliance. This part of the deal added to the overall cost, making the $44 billion even bigger.
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