Elon Musk, the CEO of Tesla and SpaceX companies and also the richest person in the world, took action for Twitter towards the end of last March. He bought shares first. Then he wanted to buy the company. He could even own it now if the deal hadn’t been broken. But for Musk, this process doesn’t seem to be over yet.
Elon Musk wants to continue the Twitter buying process!
Elon Musk divested a small portion of Tesla shares to buy 9.2 percent of Twitter shares. Later, Musk, who wanted to conquer the company from the inside, wanted to buy Twitter for a total of 43.4 billion dollars, paying $ 54.20 per share.
Although Twitter’s board of directors did not take kindly to this situation at first, $43.4 billion in cash was a difficult offer to refuse. In the end, the parties shook hands. But as the purchase process continued, Musk made an interesting claim.
Can Twitter be paid? Crazy idea from Elon Musk
Twitter conversations between Elon Musk and his brother have emerged. Musk wanted to make Twitter a blockchain-based place.
According to the results of the research conducted by 3rd party companies, he stated that there are 4 times more bot accounts than what he was told on Twitter, and that this would directly affect the amount paid. He even said that Twitter administrators were trying to deceive him.
In response, Twitter said that Musk decided to back out of the deal and slandered him in this way to avoid paying a $1 billion termination fee. After the tension of the ropes, the parties took their breath in the court.
But it was claimed that Elon Musk still wants to buy Twitter. According to the leaks that emerged today, he wants to reach an agreement by putting the $54.2 offer he agreed to pay per share back on the table. Of course, this will work for Musk. Because Twitter’s shares rose 18 percent after the ropes were stretched.