Elon Musk, the world’s richest man, has said that there could be a $44 billion deal between him and Twitter on one condition.
Image Credit source: Twitter
richest man in the world Elon Musk has said that on one condition his and Twitter There could be a deal worth $ 44 billion between them. He said that if Twitter had 100 accounts sampling Let’s take your method and tell us how it confirms whether the accounts are real or else its $44 billion deal to buy the company can proceed on its original terms. Musk tweeted early Saturday, “However, if it turns out that his SEC filing turns out to be incorrect, the deal will not happen.”
A Twitter user asked him whether the US SEC was investigating “suspicious claims” by the company. On this, Musk tweeted, ‘Good question.’ However, Twitter declined to comment on the tweet when contacted by Reuters. Let us tell you that Twitter on Thursday rejected Musk’s claim that he was tricked into signing a deal to buy the social media company. On this, Twitter said that it is unimaginable and beyond fact.
The legal battle between Elon Musk and Twitter began in court last month
Earlier, the legal battle between Elon Musk and Twitter began in a Delaware court when lawyers for both sides were debating how soon the trial should begin. Twitter is trying to force Musk to fulfill his April promise to buy the company for US$44 billion. The company wants the deal to happen quickly as it says the dispute is hurting its business. Musk, the world’s richest man, had promised to pay US$54.20 per share for Twitter, but now wants to back out of the deal.
A lot has changed since Musk’s April offer
Let us tell you that a lot has changed since Musk’s April offer. Fears of recession have softened technology stocks. Big tech has lost an average of 26 per cent in value, while many small tech stocks have fallen as much as 70 per cent. Tesla shares, which Musk was using to bolster his Twitter deal, have also not been spared as prices have nearly halved between the beginning of April and the end of May, though they have recovered slightly since then. Huh. The gains that Twitter’s share price had made after Musk’s announcement are now gone, with its management saying the company spent $303 million on the deal and attributed the uncertainty to the recent drop in revenue. is ordained.