Elon Musk decided to proceed with the acquisition of Twitter. Elon Musk has changed his mind again and thought to proceed with the acquisition of Twitter. In public documents, he disclosed his intention to acquire the social media company for the agreed-upon price of $54.20 per share, or around $44 billion.
After the SEC (Securities and Exchange Commission) filing indicated the transaction is obligated to proceed at a price agreed upon on April 25 and approved by shareholders in September, sources informed CNBC that the sale might happen as soon as Friday.
Elon Musk decided to proceed with the acquisition of Twitter
Musk sought to back out of the deal a few weeks later, saying the statistics were deceptive since Twitter has so many more bots and phony accounts. The corporation said his remarks stemmed from ignorance of how bots are tallied, and without a resolution before then, the matter is set to go to trial on October 17.