The Twitter board has agreed to a $44 billion buyout offer from billionaire Tesla CEO Elon Musk. Under the terms of the deal, Musk is paying $54.20 per share in cash for Twitter. The purchase price represents a 38 per cent premium to the company's closing price on April 1, the day before Musk revealed he had built a 9 per cent stake in the company. Elon Musk is providing about $21 billion and has secured $25.5 billion of debt and "margin loan financing".
In order to discuss details of the deal, we were joined by Naeem Aslam, who is chief market analyst at AvaTrade in London.