In July 2022, Tesla Corp. entered into an agreement to purchase all of the outstanding shares of Twitter and Company for $56 per share. Immediately prior to the Tesla Corp. bid, the shares of the Twitter Corp. traded at $ 44 per share. The number of outstanding shares at the time of the announcement was 820 million. The book value of interest bearing liabilities on the balance sheet of Twitter Corp was $ 30 billion.

a) Estimate the cost of this acquisition to the shareholders of Tesla Corp.

b) What value did Tesla Corp. place on the control of Twitter and Company? (Word limit is 150-200 words)