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In what could be one of its final quarters as a publicly traded company, Twitter reported revenue of $1.2 billion for the first three months of 2022, up 16% versus the first quarter of 2021.
Twitter said Monday that it officially entered into an agreement to be acquired by an entity wholly owned by mega-entrepreneur Elon Musk, with the transaction valued at approximately $44 billion, or $54.20 per share in cash. Once the deal closes, it will become a privately held company.