Elon Musk Twiter deal: Breaking News
Tesla CEO Elon Musk once again intends to buy Twitter. For this, Musk had offered to buy Twitter at the original price of $ 54.20 per share. Twitter has also agreed to his offer. He wants to finalize the deal at Musk’s offered prices, but the deal has been questioned because Twitter and Musk’s October 17 Delaware Chancery Court trial is still pending. Elon Musk’s months-long conflict with the Twitter company took another turn on Tuesday (October 4).
Elon Musk struck a deal with Twitter in April to buy it for $44 billion, and he later backed out. It is still there after the matter of this deal went to court. Twitter says it intends to close the deal at previously agreed prices, but Elon Musk’s earlier attempts to terminate the deal could be hampered.
In April 2022, after Elon Musk launched a hostile $44 billion bid to supersede Twitter, he backed out.
Elon Musk does not own Twitter and it is still not clear whether he is going to take over the Twitter company. This week Musk’s lawyer sent a letter to Twitter. It was said that Musk would complete the deal as promised earlier and for this, he would raise cash. Along with this, Musk has also put a condition for Twitter in this letter. According to this, Twitter will have to withdraw the lawsuit filed against Musk in Delaware Chancery Court. But Twitter doesn’t seem likely to drop its legal proceedings against Musk until Musk confirms it’s on course to complete the deal and whether the deal is worth it. Is the bar real? Or there is no Tactical Gambit?
Also Read: Find the List of Stock Market Holidays in 2022
Also Read: What are the top 10 upcoming IPOs in 2022?
