Elon Musk purchased Twitter in October 2022.Justin Sullivan/Getty Images Elon Musk officially reached a deal to buy social media platform Twitter. The billionaire took the company private by paying $54.20 per share, paying about $44 billion in total. Musk had spent months trying to back out of the agreement. In October 2022, billionaire Elon Musk completed a deal to acquire social media platform Twitter for $44 billion after a wild six months.