1 year ago

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So way back in April, Elon Musk put in a 54 billion dollar bid to buy twitter, which twitter eventually accepted, despite it causing one of the greatest blue checkmark meltdowns of all time, because Elon Musk is a white supremacist or something, I dont know, these people are programmed by the television, it doesnt have to make sense, then the deal went into due dliligence and Elon Musk seemed to have a real problem accepting twitter statement that only 5% of their userbase was bots, because hes used twitter and like any of who use that platform know that figure to be hilariously low, and far higher in reality, so he pulled out of the deal.

Twitter knowing they were now screwed after being exposed this badly sued Musk to dforce him to buy the now ruined company, which has been going on for some time now.

And today, Elon Musk has done an about turn and decided to once again buy twitter and put free speech on the table! no more ukraine bots, no more covid bots, no more being banned for telling the truth, no more of any of that, and we will report all the greatest meltdowns this will bring as the truth is the greatest enemy of the leftist, which is why they seek to supress it so much!

Billionaire Elon Musk has apparently changed his mind about buying Twitter, again, and is now willing to proceed with his takeover of the social media platform.

In a letter to the firm, Mr Musk agreed to pay the price he offered months ago before trying to quit the deal.

The surprise reversal comes just weeks before the two sides were due in court.

Twitter, which had sued Mr Musk to force the takeover to move forward, was seen as having the better case.

In the letter, attorneys for Mr Musk said he intended to move ahead to complete the transaction, pending receipt of the financing, and asked to end the legal fight.

A spokesperson for Twitter acknowledged the firm had received the proposal, adding "the intention of the company is to close the transaction at $54.20 per share" - the price that Mr Musk promised in April.

The apparent win for Twitter sent its shares soaring more than 20% to more than $52 apiece. But the value remained lower than the takeover price, in a sign of lingering investor doubts the deal will go through.

When Mr Musk first revealed plans to buy Twitter in a $44bn deal, he said he wanted to clean up spam accounts on the platform and preserve it as a venue for free speech.

But the billionaire, a prolific Twitter user known for his impulsive style, balked at the purchase just a few weeks later, citing concerns that the number of fake accounts on the platform was higher than Twitter claimed.

Twitter executives denied the accusations, arguing that Mr Musk - the world's richest person with a net worth of more than $220bn - wanted out because he was worried about the price.

The back-and-forth followed a sharp downturn in the value of technology stocks, including Tesla, the electric car company that Mr Musk leads and is the base of much of his fortune.

The fight, which was scheduled to go to trial 17 October, saw the two sides face off in lengthy court filings, private messages and bitter public spats on Twitter, where Mr Musk has more than 100 million followers.

In one such exchange, Mr Musk responded to Twitter boss Parag Agrawal with an emoji for fecal matter.

Preparation for the trial had ensnarled many of the biggest names in tech, as lawyers for the two companies demanded communications about the deal.

Mr Musk, who could have paid a $1bn break-up fee to walk away, was set to be interviewed ahead of the trial this week.

Some industry watchers, who were taken by surprise by the development, questioned whether the latest twist was a concrete offer or a delay tactic.

It's hard to keep track with this deal. On, off, now - it appears - on again.

However there's a lot to read into Twitter's brief statement.

The "intention" to go through with the deal suggests a nervousness that this is a delaying tactic from Musk's team.

The statement effectively can be read as - 'We are going to pursue this sale, whatever Elon Musk says or does'.

The way Twitter also, so pointedly, says it will sell the company at $54.20 suggests they are still worried about Musk lowballing.

So far Musk has been a highly erratic negotiating partner - hot and cold. Keen one minute, looking for the exit the other.

You can see why Twitter is playing it cautiously.

As for Musk? Well so far he's been unusually quiet. We await his inevitable tweets.
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At Twitter, which has been thrown into turmoil since Mr Musk first turned his attention to the firm, staff told the BBC that their bosses were initially silent on the matter, even as the report spread widely.

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