Twitter confirms it intends to close deal with Elon Musk

Stefan Mileschin · 5th October 2022, 09:12

Twitter has agreed — once again — to Elon Musk’s proposal to buy the company for $54.20 a share. In a statement, Twitter confirmed it had received Musk’s letter that “the intention of the Company is to close the transaction at $54.20 per share.”

The agreement follows months of legal drama after Musk tried to back out of his original agreement to buy the company for $44 billion this spring. The two sides were set to go to trial later this month as Twitter attempted to force Musk to keep up his end of the agreement. Musk had claimed Twitter had misled him about the number of bots on the platform, and had raised concerns about issues disclosed by the company’s former head of security who filed a whistleblower complaint against the company.

https://www.engadget.com/twitter-int...9.html?src=rss

5th October 2022, 09:12	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Twitter confirms it intends to close deal with Elon Musk Twitter has agreed — once again — to Elon Musk’s proposal to buy the company for $54.20 a share. In a statement, Twitter confirmed it had received Musk’s letter that “the intention of the Company is to close the transaction at $54.20 per share.” The agreement follows months of legal drama after Musk tried to back out of his original agreement to buy the company for $44 billion this spring. The two sides were set to go to trial later this month as Twitter attempted to force Musk to keep up his end of the agreement. Musk had claimed Twitter had misled him about the number of bots on the platform, and had raised concerns about issues disclosed by the company’s former head of security who filed a whistleblower complaint against the company. https://www.engadget.com/twitter-int...9.html?src=rss

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Elon Musk can use whistleblower claims to try to get out of Twitter deal, judge rules	Stefan Mileschin	WebNews	0	8th September 2022 08:33
Twitter's lawyers say Elon Musk wanted out of the deal because of 'World War 3,' not	Stefan Mileschin	WebNews	0	7th September 2022 07:52
Twitter sues Elon Musk for attempting to back out of $44 billion buyout deal	Stefan Mileschin	WebNews	0	13th July 2022 08:22
Elon Musk threatens to back out of Twitter deal over bot estimates (updated)	Stefan Mileschin	WebNews	0	7th June 2022 08:14
Twitter CEO says he expects Musk deal to close but is 'prepared for all scenarios'	Stefan Mileschin	WebNews	0	16th May 2022 08:19
Elon Musk says his deal to buy Twitter is 'temporarily on hold'	Stefan Mileschin	WebNews	0	16th May 2022 08:06
Florida pension fund sues Elon Musk over Twitter deal	Stefan Mileschin	WebNews	0	9th May 2022 09:23
Elon Musk is already at risk of violating a key provision of his deal with Twitter	Stefan Mileschin	WebNews	0	28th April 2022 06:24
Elon Musk reportedly backed out of SEC deal at the last second	Stefan Mileschin	WebNews	0	1st October 2018 09:03
Elon Musk confirms new Model 3 options with AWD	Stefan Mileschin	WebNews	0	22nd May 2018 13:44