Transaction continues? Musk proposes to acquire Twitter at the original price of $44 billion

2022-10-05

According to Reuters, according to a recent document, Tesla CEO Mask proposed to continue to purchase Twitter at the price of $44 billion he originally proposed. (Data picture: Musk) It is reported that if an agreement is reached, Musk will take charge of Twitter and end the lawsuits that have lasted for several months. These lawsuits damage the Twitter brand and aggravate Musk's reputation for capriciousness. It is reported that since Twitter has received support from shareholders for its sale to Musk, if both parties reach an agreement on the initial terms, the transaction may be completed quickly in the next few weeks. On April 25, Musk reached a final agreement with Twitter's board of directors to acquire it at a price of $54.2 per share, with a transaction value of about $44 billion. On July 8, Musk's lawyer said in a letter to Twitter's chief legal officer that because Twitter had violated several terms of the acquisition agreement, Musk would terminate its acquisition of the company. On July 12, Twitter formally filed a lawsuit against Musk, asking him to purchase the social media company for $44 billion. On July 29, Musk's legal team filed a private counterclaim against Twitter. In a document submitted to the court, Musk said that he had been deceived into signing an agreement to acquire Twitter. Twitter denied that. (Liu Xinshe)

Edit:Lijialang    Responsible editor:MuMu

Source:chinanews.com

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