Simpson Thacher advised the Board of Directors of Twitter, Inc. in connection with the successful closing of its acquisition by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. The Firm also advised Twitter’s Board of Directors in litigation matters related to the transaction. Following the deal close on October 28, 2022, Twitter has become a privately held company.
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 that advised Twitter’s Board of Directors in Twitter’s acquisition by Elon Musk included Alan Klein, Anthony Vernace, Katherine Krause, Izaak Lustgarten and Patrick Reed (M&A); Christopher Brown, Jonathan Lindabury, Benjamin Persina, Danielle Robinson and Janhvi Barthwal (Credit); Greg Grogan 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).
On the related litigation matters, the Simpson Thacher Litigation team that advised Twitter’s Board of Directors included Jon Youngwood, Craig Waldman, Janet Gochman and Jonathan Kaplan.