{"id":5428,"date":"2022-10-05T02:58:51","date_gmt":"2022-10-05T02:58:51","guid":{"rendered":"https:\/\/businessner.com\/?p=5428"},"modified":"2022-10-05T03:04:10","modified_gmt":"2022-10-05T03:04:10","slug":"elon-musk-changes-mind-wants-to-buy-twitter-again","status":"publish","type":"post","link":"https:\/\/businessner.com\/elon-musk-changes-mind-wants-to-buy-twitter-again\/","title":{"rendered":"Elon Musk Changes Mind, Wants to Buy Twitter Again"},"content":{"rendered":"
Billionaire Elon Musk<\/a> has revived his bid to buy Twitter<\/a> after several months of failed negotiations, disagreements, and court battles that almost sank the $44-billion deal.<\/span><\/p>\n In his lawyer’s <\/span>filing with the Securities and Exchange Commission<\/span><\/a>, Musk offered to buy the company for the original price of $54.20. The proposal is being submitted just two weeks before the trial of Twitter’s case at the Delaware Chancery Court which may compel Musk to complete the purchase.<\/span><\/p>\n After agreeing to acquire Twitter in April, Musk tried for the past months to pull out of the agreement despite shareholders of Twitter already making approval of the offer.\u00a0<\/span><\/p>\n As Musk announced he was pulling out of the deal, Twitter sued him on the grounds that the company had understated the number of fake and spam accounts on its platform.<\/span><\/p>\n However, Tuesday\u2019s announcement may finally put an end to the bitter, months-long back-and-forth between Musk and Twitter, which has left workers, investors, and users of one of the most significant social media platforms in the world in a great deal of worry and uncertainty.<\/span><\/p>\n As a result of this move by Musk, Twitter share prices jumped 22% at the stock market closing on Tuesday. The tech executive has been very vocal about his interest in buying the social media platform since April when he expressed his interest in <\/span>buying it for $44 billion<\/span><\/a>.<\/span><\/p>\n According to a CNBC<\/span> report<\/span><\/a>, the transaction is expected to be completed by the end of the week.<\/span><\/p>\n