Twitter: Elon Musk wants to buy now

In April, a report by the American Securities and Exchange Commission caused a stir. Tesla boss Elon Musk has held 73 million Twitter shares since April 5, which corresponds to around nine percent of the company. Musk then made an initial takeover bid on April 14, before officially announcing on April 25 that Elon Musk would acquire Twitter for over $43 billion. However, on May 13, Musk halted the acquisition. Now the turnaround follows and the extrovert boss of the electric car manufacturer would like to buy Twitter after all. According to the American Securities and Exchange Commission now wants Elon Musk $54.20 per share to count. The takeover, which has now been announced again, is said to cost more than 43 billion US dollars.

Buy before the court hearing?

After the takeover was halted on May 13, Twitter sued Musk. After all, Musk had tried to terminate the takeover contract. He claimed that Twitter CEO Parag Agrawal lied about the number of fake profiles. These “fake profiles” are said to make up less than five percent of the user base. However, Elon Musk wants to have this number verified before proceeding with the takeover. A hearing was set for October 17 to resolve the issues in court. Perhaps the court hearing is no longer necessary if the deal goes through beforehand. With a price of $54.20 per share, Musk has not managed to get the short message service cheaper.

Musk had famously declared that he wanted to take action against fake news on Twitter. For example, user accounts that are used to send spam messages are to be banned from the short message service. In 2021 were 353 million monthly users worldwide on Twitter active, especially journalists, politicians and private individuals use the short message service to briefly and concisely exchange information and entertainment contributions. The Tesla boss himself likes to be around people who believe in his vision and subordinate everything to possible success, as can be read in autobiographies.

Also worth reading: Twitter: Elon Musk stops – for the time being – the takeover

Elon Musk Twitter Takeover Collection:

• Tesla boss Elon Musk wants to buy Twitter after all. After the takeover was halted on May 13, Twitter sued Musk.
• After all, Musk had tried to terminate the takeover contract. He claimed that Twitter CEO Parag Agrawal lied about the number of fake profiles. The situation is to be clarified at a court hearing on October 17.
• The negotiation may no longer be necessary if Musk takes over Twitter first.
• According to the American Securities and Exchange Commission, Musk wants to pay $54.20 per share and thus invest over $43 billion.

Sources: SEC, Twitter