Tesla Motors acquires SolarCity for $2.6 billion
SolarCity has announced that it has accepted the Tesla Motors offer to acquire it for $2.6 billion, which will be paid in shares. Every SolarCity share was assessed at $25.83 and for each one the shareholders will receive 0.11 Tesla Motors shares. The peculiar characteristics of this agreement is that Elon Musk is the CEO of Tesla Motors, the chairman of SolarCity and is a shareholder of both companies.
