Simpson Thacher is representing the Board of Directors of Twitter, Inc. (NYSE: TWTR) in connection with its announced acquisition by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company. The transaction is intended to close in 2022 and is subject to satisfaction of customary closing conditions, including regulatory approvals and Twitter stockholder approval.
Twitter is a global social media platform focused on public self-expression and conversation in real time as well as content creation and distribution. Twitter allows registered members to broadcast and communicate through short posts called tweets.
The Simpson Thacher team includes Alan Klein, Anthony Vernace, Katherine Krause and Izaak Lustgarten (M&A); Christopher Brown, Jonathan Lindabury, Benjamin Persina and Danielle Robinson (Credit); Greg Grogan, Patricia Adams and Jeffrey Penn (Executive Compensation and Employee Benefits); Ken Wallach, Sunny Cheong and Jessica Asrat (Capital Markets); Sara Razi (Antitrust); Antonio Bavasso (Antitrust and Regulatory); and Mick Tuesley and Jennifer Ho (Regulatory).