According to information from Bloomberg, Elon Musk has changed his mind and is now willing to go ahead with the purchase of Twitter. The also CEO of Tesla, in fact, proposes to finalize the process respecting the original conditions of the contract. That includes, of course, paying the $54.20 per share that he and his management team proposed before building a circus around the situation.
Details of the issue are scarce so far. According to the aforementioned medium, the tycoon presented the offer through a letter sent to Twitter; In it, he informed the social network about his intention to give a new twist to the novel and complete the transaction valued at 44,000 million dollars.
Minutes before the news broke, Twitter’s stock trading briefly halted. However, shortly after Elon Musk’s change of intention was known, its price rose up to 18%.
At the time of writing this article, neither the social network nor the CEO of Tesla and SpaceX have made any statements in this regard. In any case, CNBC He publishes that he has confirmed the news independently.
Speculation about Elon Musk’s change of position did not take long to appear on social networks. Analysts believe that the businessman would have decided to go ahead with the purchase after considering that the result of the trial with Twitter, scheduled to begin in a few weeks, could not be favorable to him.
Sentiment that would have been magnified in recent days after the text message exchanges between Musk himself, Jack Dorsey, investors, bankers and managers of other companies were made public. Many of the communications evidenced how different actors in the business and financial field they “inflated” the tycoon’s ego to proceed with the acquisition; in several cases, with the intention of participating in the management of the social network.
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