After weeks of will-he-won’t-he, the world’s richest man has purchased the social media company for approximately $44 billion.

Elon Musk is already CEO of Tesla and SpaceX, founder of The Boring Company, and the world’s richest person. Today he adds another title to his prodigious bio: Owner of Twitter.

On Monday afternoon Twitter announced that it has entered into a definitive agreement to be acquired by Musk in a transaction valued at about $44 billion. Once the transaction is complete, Twitter will become a privately held company.


Musk crowed about the acquisition—on Twitter, naturally— by reposting his own words from the press release announcing the deal: