Elon Musk once again got what he wanted with his persistence. According to information leaked from within the company, Twitter recently met with its shareholders to accept the $ 44 billion cash payment offer made by Elon Musk. As a matter of fact, it was expected and the relevant purchase was shared with the public tonight.
Twitter green light: Elon Musk will pay $ 44 billion!
According to a Reuters report this morning, an inside source said that Twitter’s board is willing to accept a $44 billion cash buyout offer made by Elon Musk. It was expected, and this claim turned out to be true. Twitter has announced its offer of $54.20 per share to its shareholders.
In fact, it was stated that the agreement was at the end of the rope and could be canceled at any time. Because, according to the deal it made with Musk, Twitter is said to have not secured the “go-shop” provision so far, which allows it to allow him to request other offers after the signatures are signed.
After that, it was said that the names of the company employees who shared the information will remain anonymous since the issue is kept confidential by the company. After this claim, the questions directed to Elon Musk and company executives remained unanswered. However, only hours later, the relevant agreement was shared with the press.
Of course, we can say that Twitter is the party that benefits from this agreement. Because, immediately after Musk’s first purchase offer, his shares traded on the stock market increased by 4.5 percent to $ 51.15. Moreover, he will receive $54.20 per share, according to the last bid accepted. In addition, the acquisition is expected to be completed by the end of 2022.
Elon Musk said that after acquiring the platform, he wants to expand it and make it a freer place to talk. In addition, he stated that he will fight Twitter’s trolls, that he wants to lower the prices of the Blue premium subscription service, and that he intends to ban ads.
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