X (formerly "Twitter") reached an agreement to be acquired and taken private by Elon Musk for $54.20 per share in cash, valuing the company at ~$44 billion. A lending group led by Morgan Stanley has committed a mix of debt financing and margin loans, with Musk providing the equity financing alongside an investor base that includes Larry Ellison, Sequoia Capital, VyCapital, crypto company Binance, and Saudi Prince Alwaleed bin Talal.