{"id":396077,"date":"2022-08-08T17:10:00","date_gmt":"2022-08-08T11:40:00","guid":{"rendered":"https:\/\/www.www.bullfrag.com\/elon-musk-says-the-purchase-is-possible-if-twitter-meets-this-condition\/"},"modified":"2022-08-08T17:10:00","modified_gmt":"2022-08-08T11:40:00","slug":"elon-musk-says-the-purchase-is-possible-if-twitter-meets-this-condition","status":"publish","type":"post","link":"https:\/\/www.bullfrag.com\/elon-musk-says-the-purchase-is-possible-if-twitter-meets-this-condition\/","title":{"rendered":"Elon Musk says the purchase is possible if Twitter meets this condition"},"content":{"rendered":"<div>\n<ul>\n<li>In April 2022, Elon Musk presented a purchase strategy involving his own funds and a loan from <em>Morgan Stanley<\/em>.<\/li>\n<li>Musk offered Twitter shareholders a 38% premium on the value of Twitter shares on April 1, when it was not yet known that days before he had bought almost 10% of the company.<\/li>\n<li>But it all came crashing down when, according to Musk, Twitter failed to prove that less than 5% of its accounts are fake or bots.<\/li>\n<\/ul>\n<p>Twitter shares started the year at $34.  It was not a good price, they had reached $67 in September 2021.<\/p>\n<p>However, when Elon Musk announced that he was interested in buying Twitter, shares of the social network rose again, in this case, to $49.  It was in April of this year.<\/p>\n<p>But time passed, the deal fell through, and the network&#8217;s shares fell to $36, practically back to square one.<\/p>\n<figure id=\"attachment_710906\" aria-describedby=\"caption-attachment-710906\" style=\"width: 617px\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-710906\" class=\"wp-caption-text\">The last year in Twitter stock. <em>investment<\/em>.<\/figcaption><\/figure>\n<p>In this context of billions of dollars, it is necessary to understand the dispute between the tycoon of South African origin and the blue bird&#8217;s social network, which is already in court and this week has a new chapter again when Musk says that the agreement purchase for 44 billion dollars could be sustained.<\/p>\n<p>Indeed, Elon Musk said on Monday that if Twitter could explain what the account sampling method is like and confirm that more than 95 percent are real, the purchase <strong>&#8220;It should continue on its original terms.&#8221; <\/strong><\/p>\n<p>That is, with the payment of 44 billion dollars by the founder of Tesla, he says <a href=\"https:\/\/www.reuters.com\/markets\/deals\/musk-says-twitter-deal-should-go-ahead-if-it-provides-proof-real-accounts-2022-08-06\/\" rel=\"nofollow noopener\" target=\"_blank\">Reuters<\/a>.<\/p>\n<p><strong>\u201cHowever,\u201d Musk clarified, \u201cif your SEC filings turn out to be false, then you should not proceed with the purchase.\u201d<\/strong> finished.<\/p>\n<p>Musk said it on Twitter, precisely the network with which he has a strong dispute, in response to a user who asked him if the United States SEC, the body that regulates the stock market in that country, was investigating &#8220;dubious claims&#8221; of the company, Musk said in the thread: <strong>&#8220;Good question, why aren&#8217;t they doing that?&#8221;<\/strong><\/p>\n<h2>Twitter vs Musk: the war continues<\/h2>\n<p>Last week, Twitter dismissed Musk&#8217;s claims that he was duped into signing the deal to buy the social media company, saying it was <strong>\u201cimplausible and contrary to fact\u201d. <\/strong><\/p>\n<p>\u201cAccording to Musk, was he, the billionaire founder of several companies, advised by dozens of Wall Street bankers and lawyers, tricked by Twitter into signing a $44 billion merger deal?  That story is as far-fetched and untrue as it sounds,\u201d the Twitter presentation reads.<\/p>\n<p>Musk filed a countersuit against the social network on July 30, further inflaming the legal dispute against the company as it tries to get out of the purchase agreement it signed in May.<\/p>\n<p><strong>Now read:<\/strong><\/p>\n<p><strong>Purchase of Twitter shares put Elon Musk in check;  this we know<\/strong><\/p>\n<p class=\"elementor-post__title\"><strong>&#8220;Poison pill&#8221;: Twitter&#8217;s mechanism to prevent the purchase of Elon Musk<\/strong><\/p>\n<p class=\"elementor-post__title\"><strong>Global advertising and marketing do not want Twitter in the hands of Musk<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In April 2022, Elon Musk presented a purchase strategy involving his own funds and a loan from Morgan Stanley. Musk offered Twitter shareholders a 38% premium on the value of Twitter shares on April 1, when it was not yet known that days before he had bought almost 10% of the company. But it all<\/p>\n","protected":false},"author":74,"featured_media":396078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3447],"tags":[8996,5309,8153,5311,4325,5083,145],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/files.merca20.com\/uploads\/2022\/07\/Elon-Musk-Twitter.jpg","_links":{"self":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/396077"}],"collection":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/comments?post=396077"}],"version-history":[{"count":0,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/396077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media\/396078"}],"wp:attachment":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media?parent=396077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/categories?post=396077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/tags?post=396077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}