Twitter announced today that the agreement with Elon Musk has expired. Thus, it was stated that the deal avoided a lengthy review, and its completion now depends on remaining closing conditions, including approval by shareholders and regulators.
SpaceX and Tesla CEO, who has the title of the richest person in the world Elon Muskwith a decision that resonated all over the world at the end of April, the popular social media platform Twitter $44 billion had agreed to purchase it for an astronomical fee.
After that, the 50-year-old businessman announced on social media that the purchase was suspended. It was stated that the reason for this was Twitter’s data on bot accounts. While the news that Musk is still determined to buy the platform continues to come, now a statement has come from Twitter.
Twitter announced that the anticipated waiting period for the purchase has expired
The social media platform, which has millions of users, made statements about Musk’s attempt to buy the company for 44 billion dollars. The giant company is in compliance with the law regarding this acquisition. the anticipated waiting period has expired. expressed. Thus, it was reported that the agreement avoided antitrust scrutiny that could take months.
In the statements made by the US-based company today, the completion of the deal now includes the approval of the contract, company shareholders and regulatory authorities. remaining closing conditions. said to be subject. Following this news, it was reported that there was a 2% increase in the company’s shares.
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