The tumultuous saga of Elon Musk’s on-again off-again purchase of Twitter took a turn toward a conclusion Tuesday after the mercurial Tesla CEO proposed to buy the company at the originally agreed-on price of $44 billion.
Musk made the surprising turnaround not on Twitter, as has been his custom, but in a letter to Twitter that the company disclosed in a filing Tuesday with the U.S. Securities and Exchange Commission. It came less than two weeks before a trial between the two parties is scheduled to start in Delaware.
Trading in Twitter’s stock, which had been halted for much of the day pending release of the news, resumed trading late Tuesday and soared 22% to close at $52. involving the world’s richest man and one of the most influential social media platforms. Much of the drama has played out on Twitter itself, with Musk — who has more than 100 million followers — lamenting that the company was failing to live up to its potential as a platform for free speech and had too many bots.
Eric Talley, a law professor at Columbia University, said he’s not surprised by Musk’s turnaround, especially ahead of a scheduled deposition of Musk by Twitter attorneys starting Thursday that was “not going to be pleasant.” Musk’s main argument for terminating the deal – that Twitter was misrepresenting how it measured its “spam bot” problem – also didn’t appear to be going well as Twitter had been working to pick apart Musk’s attempts to get third-party data scientists to bolster his concerns.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Musk offers to end legal fight, pay $44B to buy TwitterElon Musk is offering to go through with his original proposal to buy Twitter for $44 billion
Weiterlesen »
Musk offers to end legal fight, pay $44B to buy TwitterBREAKING: Elon Musk is abandoning his legal battle to back out of buying Twitter and offering to go through with his original $44 billion bid for the social media platform.
Weiterlesen »
Elon Musk offers to end legal fight, pay $44B to buy Twitter after allElon Musk is abandoning his legal battle to back out of buying Twitter by offering to go through with his original $44 billion bid for the social media platform. FOX13
Weiterlesen »
Musk offers to close Twitter buyout at $44BTesla CEO Elon Musk is abandoning his legal battle to back out of buying Twitter by offering to go through with his original $44 billion bid for the social media platform
Weiterlesen »
Twitter says it plans to close deal with Elon MuskTwitter shares climbed on Tuesday after billionaire Tesla CEO Elon Musk offered to buy the social media giant at his original $54.20 per share offer.
Weiterlesen »