What does Elon Musk plan to do with Twitter? It is the US$44 billion question and no one seems to have the answer. The purchase of the social network was very quick, but it will be months before it is formalized, notes Bloomberg. In the meantime, says the economic media, only the bankers involved in the operation seem to know Musk's plans.

The US$44 billion deal puts the unsolicited purchase of Twitter as the fifth largest technology acquisition in the last 20 years, according to 451 Research, a research and advisory firm owned by S&P Global. It surpassed other emblematic purchases in the sector, such as Microsoft's purchase of LinkedIn (US$26.4 billion) or Facebook's purchase of WhatsApp (now Meta, which totaled US$19 billion).

What will Twitter shareholders take with them once the deal is completed? US$54.2 in cash, representing a 38% premium to the share price on April 1. The deal amount represents 9.9 times Twitter's trailing-12-month revenue, which exceeds virtually all M&A valuations over the past 20 years, notes S&P Global.

Top 10 technology company acquisitions in the last 20 years

Source: 451 Research