Elon Musk Proposes to Follow Through With Twitter Acquisition

[MacRumors]

Billionaire Elon Musk has once again reversed course in the ongoing Twitter acquisition saga, today sending a letter to Twitter proposing a purchase at the original price, reports Bloomberg.

Musk originally offered to buy Twitter for $44 billion in April ($54.20 per share), a deal that Twitter ultimately accepted. Musk in May put the takeover "temporarily on hold" because of a dispute over the number of fake or spam accounts that Twitter claimed to have. Twitter said that fake accounts represented less than five percent of users, but Musk was not convinced.

In July, Musk decided he no longer wanted to buy Twitter and attempted to call off the purchase, claiming that Twitter did not comply with its contractual obligations and that he was not provided with the relevant business information that he requested.

Twitter in turn filed a lawsuit to force Musk to go on with the sale, accusing him of trashing the company, disrupting its operations, and destroying stockholder value. Musk's decision to offer to continue on with the purchase comes ahead of a trial that was set to begin on October 17. With Musk once again on board, it is probable that the acquisition will go through, provided he does not change his mind again.

Article Link: Elon Musk Proposes to Follow Through With Twitter Acquisition

 

[and 1989 others]

He's playing them like a fiddle. Upsetting their stocks, quite deliberately in my opinion.

 

[visualseed]

Will see. I suspect he's stalling becuse the court date is approaching fast. Probably a concession in there Twitter isn't going to go for and they will have to reset the clock.

 

[levitynyc]

He's the biggest fraud in the history of business. Guy has literally done nothing. Didn't even found Tesla.

Hes basically a business celebrity who makes money because he's a business celebrity.

 

[CWallace]

It is possible that Musk's legal team feels that the Court is going to rule against him and force him to conclude the deal and he doesn't want to deal with appeals and whatever fallout continued press coverage might be having on his other companies or potential investors in those companies.

 

[geartau]

weird how people were like:

"No! Don't buy Twitter! Billioniare BAD!"

to

"Elon has to buy Twitter! He made a deal!"

to now

"I'm leaving Twitter. I'll be on XYZ if anyone needs me"

 

[Eldaerenth Faexidor]

Weird move. This whole acquisition debacle screams bipolar vibes.

 

[mikethemartian]

He's playing them like a fiddle. Upsetting their stocks, quite deliberately in my opinion.

I think the fiddle is playing him.

 

[Your Royal Highness]

He's playing them like a fiddle. Upsetting their stocks, quite deliberately in my opinion.

That makes no sense because it didn’t help him in anyway, shape or form. He still buying it for the original purchase price.

 

[xraydoc]

I like my Tesla Model 3 very much, but Elon himself is a piece of work...

 

[ProfessionalFan]

Guy has literally done nothing.

Unless "literally" has a new definition, this is incorrect.

He's accomplished far more than any of us here, I guarantee that.

 

[Total Respray]

That’s actually bad news in my view as it will give him a bigger mouthpiece to spout his propaganda

 

[TheYayAreaLiving 🎗️]

Must be bored... Elon Musk is back to playing games.

 

[Jumpthesnark]

A very stable genius.

 

[The Barron]

He's the biggest fraud in the history of business. Guy has literally done nothing. Didn't even found Tesla.

Hes basically a business celebrity who makes money because he's a business celebrity.

He's like a Kim Kardashian. What did she do to gain her billions? Really!

 

[MysticCow]

"I'm buying Twitter!"

"No, I changed my mind. I'm not buying Twitter."

"I am totally buying Twitter this time!"

Now let's all wait for, "NOPE! I changed my mind again!"

 

[Apple Knowledge Navigator]

Lol he’s such a troll

 

[tgwaste]

Weird move. This whole acquisition debacle screams bipolar vibes.

I think Musk knows exactly what hes doing.

 

[IIGS User]

Breaking news!

Twitter to merge with Telegram in Musk brokered deal that returns Cry Mea River back to the Soviets and now validates users with a red Cheka

There's a lot of puns in there for ya....

 

[BC2009]

Man... I would hate to go out to eat with Elon Musk....

Elon: "Excuse me waiter? Can I change that order from a burger back to a salad again? No wait.... can you do a burger with a side salad?"

Make up your mind.

 

[infinitejest]

He’s like me when I have to decide whether I should get the new iPhone or not.

 

[intelliot]

Will see. I suspect he's stalling becuse the court date is approaching fast. Probably a concession in there Twitter isn't going to go for and they will have to reset the clock.

was surprised to see that they released his text messages publicly. How is that legal?

 

[TheYayAreaLiving 🎗️]

Lol he’s such a troll

Twitter should be charging Elon Musk double the price now. He’s trying to avoid the lawsuit by submitting another offer, 😂

 

[visualseed]

was surprised to see that they released his text messages publicly. How is that legal?

It's evidence in a public court case.

 

[intelliot]

Man... I would hate to go out to eat with Elon Musk....

Elon: "Excuse me waiter? Can I change that order from a burger back to a salad again? No wait.... can you do a burger with a side salad?"

Make up your mind.

$44 billion burger 😂