Once the transaction is complete, the social media giant will become a privately held company and its shareholders will receive $54.2 in cash for each share of common stock they own.
Twitter board of directors
Twitter board memeres include Jack Dorsey, cofounder, Twitter; CEO and Co-Founder, Square owns 2.253 in Twitter; Bret Taylor, independent board chair; co-CEO, Salesforce owns 0.007% in the company; Parag Agrawal, CEO, Twitter owns 0.063% in the company. Other board members are Mimi Alemayehou, senior vice president for public – private partnership at Mastercard, Egon Durban, co-CEO, Silver Lake, Martha Lane Fox. founder and chairperson, Lucky Voice Group; Omid Kordestani, former executive chairman, Twitter; Dr. Fei-Fei Li, professor at Stanford, Patrick Pichette, general partner, Inovia Capital; David Rosenblatt, CEO, 1stdibs.com, Inc; Robert Zoellick, former chairman of the board of directors of AllianceBernstein Holding L.P.
Twitter’s top 5 shareholders
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Before Musk announced that he had accumulated a 9% stake in the social media company, institutional investors topped Twitter’s shareholding list.
Tesla CEO’s share purchase briefly made him Twitter’s largest shareholder until mutual fund giant The Vanguard Group made public in a filing with the SEC that its funds held 82.4 million shares, accounting for 10.3% in the San Francisco-headquarter social media major.
Other top shareholders include Morgan Stanley ( 8.4%), BlackRock Inc. (6.5) and State Street Corp which has a 4.5% stake in the company.
