Twitter Accepts Musk’s Offer

$44 Billion Deal Expected To Close Within Weeks

  • Twitter has confirmed that it plans to accept Elon Musk’s renewed $44 billion takeover proposal.
  • A company spokesman said: “We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share.”
  • Musk had been trying to back out of the deal because he said Twitter undercounted the number of spam accounts on the site.
  • Both sides were due in court Oct. 17, but Musk wrote to Twitter on Oct. 4 proposing to buy the company at the original price.


Click to read full article Go back home

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.