Elon Musk still wants to buy Twitter

Replace 07/10/22: The beginning of the authorized course of between Twitter and Elon Musk has been postponed to October 28. The lawsuit will stand so long as Twitter will not be positive that Musk will really undergo with the deal. Twitter additionally does not imagine that Musk may even put the $44 billion on the desk in any respect. A number of the traders who would fund Musk within the unique April deal at the moment are mentioned to have dropped out.

Elon Musk has introduced that he plans to make one other provide on Twitter on the unique worth of $44 billion or $54.20 per share. In July, he withdrew his bid from final April, arguing that Twitter was not speaking transparently in regards to the variety of bot accounts on the platform. In accordance with Twitter, lower than 5 p.c of all accounts can be bots, whereas Musk claimed it will be nearer to twenty p.c.

In response to Musk’s withdrawal, Twitter determined to file a lawsuit in opposition to him. Consequently, he might presumably be compelled to undergo with the takeover. That course of would usually begin on October 17, however now Musk has made his provide once more.

Twitter response

Twitter already gave a assertion that they’ve acquired the letter in reference to the provide. The corporate’s intent can be to simply accept the unique provide. Musk himself has already tweeted that the acquisition of Twitter can be an accelerating transfer for the creation of his “every little thing appX. What which may signify is a thriller for now, although Musk has beforehand talked a few social media web site that might be known as X.com.