Will Elon Musk buy Twitter? The question has now become a cliché. The businessman, who first purchased 9.2 percent passive shares from the platform, later did not settle for this and aspire to the entire company. Twitter, which was cold to this offer at first, later decided to accept the offer. At this point, while everyone is waiting for the transfer process to be completed, Musk announced that he suspended the purchase last week due to the number of fake and spam accounts on the platform.
Will Elon Musk buy Twitter?
There is a new development day by day about Elon Musk and Twitter duo. Finally, after the platform announced that fake and spam accounts accounted for less than 5 percent of total users, the purchase was suspended until this data was verified.
According to the latest developments, the Twitter deal with Elon Musk will result in a positive outcome. Because, business people continue their efforts to raise funds for the agreement without slowing down. In the application made to the Securities and Exchange Commission (SEC), it was stated that Musk went to an equity increase of $ 6.25 billion. Thus, we can say that he decided to exclude Tesla, of which he is the CEO, from the agreement.
Elon Musk’s initial payment plan to acquire Twitter included $21 billion in personal equity and $25.5 billion in loans. In fact, the businessman, who planned to take a loan of 12.5 billion dollars by providing Tesla shares as collateral in the first place, later found additional resources and halved the loan amount he would receive from his company.
With the latest application to the SEC, the payment plan was restructured and after raising equity of 6.25 billion, the auto giant was officially out of the deal. Apart from that, it is worth noting that Tesla has lost more than 30 percent in value since the announcement of the relevant agreement.
So what do you think about this issue? Do you think Elon Musk made the right decision on Twitter? Do not forget to share your views with us in the comments section.
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