13.7 C
New York
Saturday, December 3, 2022

Latest Posts

Twitter accepted Elon Musk’s purchase proposal, for $44 billion, the price agreed in April

- Advertisement -

Does Twitter look like a good business despite the criticism? At least it seems that the billionaire Elon Musk He has not lost interest in the social network, despite the time that has elapsed between when he made an offer, then withdrew it, he asked half the world for advice. For she now she has renewed her desire to buy Twitter and is offering the same figure as the beginning: 44,000 million dollars.

Almost immediately, Twitter accepted Musk’s proposalwho put only one condition in his letter: the end of the ongoing judicial process before a Delaware court.

- Advertisement -

“We received the letter. (…) The company’s intention is to conclude this transaction” at the agreed price, the social network said in a tweet.

Very early this Tuesday, the Bloomberg agency, citing people who asked to remain anonymous, heated up the outlook by assuring that the businessman presented the new proposal to Twitter through a letter, which will involve the payment of 54.2 dollars for each share. .

For its part, The Wall Street Journal noted that the new information was delivered Monday night by Musk’s lawyers.

- Advertisement -

After hearing the news, the company’s shares soared more than 12%. Then, Twitter’s listing was suspended on Wall Street “awaiting information”, after the Bloomberg agency reported a possible purchase agreement of the social network by Elon Musk at the price agreed in April.

The stock was frozen for five minutes first, and soared as much as 18% before being suspended again.

At 12:20 p.m. local time (4:20 p.m. GMT), Twitter shares on the New York Stock Exchange were trading at $47.95 a unit.

The billionaire has not confirmed or denied this information that could end the soap opera in which Musk and Twitter have been immersed since last summer.

Why Elon Musk was interested in buying Twitter and how it will affect the common tweeter

Nor has Twitter made a statement at the corporate level about this announcement, half an hour after the news was made public.

What will happen: dismissal and lawsuits

And it is that shortly after confirm that he would buy online messaging, last April, Musk reversed the transaction, arguing that it had found a material breach of several provisions of the agreement, including the number of false accounts recorded by the company.

In response, Twitter sued the businessman, which led to the opening of a judicial process that was scheduled to begin on October 17 in Delaware, and that is supposedly now paralyzed. (YO)

Source: Eluniverso

- Advertisement -

Latest Posts

Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.