Elon Musk bought Twitter for $44 billion.

The price is $54.20 per share.

The total value of the transaction is about $44 billion.

Elon Musk is giving a 38% premium price over Twitter's last closing price.

Elon Musk wants Twitter to be a free speech town square

Twitter will become a private company and will no longer trade its shares on any stock exchange.

Musk secured $ 25.5 billion in "fully committed debt and mortgage lending" and used about $ 21 billion of its own equity to finance the purchase.

According to Forbes magazine, Musk is the richest person in the world with an estimated net worth of $ 273.6 billion.

Musk has founded several major companies or co-founder. The list includes Tesla, SpaceX, OpenAI, Neuralink, the Boring Company and Starlink and now Twitter.