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‘Intended to complete transaction’ Twitter indicated willingness to accept offer from Elon Musk

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It was this Tuesday morning that Elon Musk finally decided to acquire Twitter for $44 billion, as announced last July. did.

Twitter announced on Tuesday that Telsa CEO Elon Musk intends to buy the social network for $44 billion. as previously agreed.

“The company’s intention is to close the transaction at $54.20 per share.” wrote on twitter It was a response to Musk’s proposal sent to the company and the US Securities and Markets Commission (SEC) a few hours ago.

Twitter and Musk agreed to buy the company at that price, but the billionaire later backed out of the deal. He claimed to have discovered a serious violation.

Twitter and Elon Musk during trial

This comes just days before the trial between Twitter and Tesla’s owners. Lawsuit filed by social network as tycoon planned to cancel purchase contract signed by both parties July this year.

A trial is scheduled to begin October 17 in the Chancery Court of Delaware, which specializes in commercial disputes of this nature. Legal proceedings may last about five days, but a prior agreement may be reached.

the latter is tuesday morning As announced last July, Elon Musk has finally decided to buy Twitter for $44 billion. The businessman presented the new offer to Twitter via a letter implied a payment of $54.2 per share.

After hearing the news, the company’s stock price soared by more than 12%, and even trading activity was temporarily halted after its valuation surged.

Source: Biobiochile

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