Elon Musk has once again overturned the decision and is planning to proceed with the Twitter purchase. Regulatory documents revealed that he is proposing to buy social media at the set price of $ 54.20 per share, which is about $ 44 billion in total.
Sources told CNBC that the deal could happen as soon as Friday, after the SEC (Securities and Exchange Commission) filing revealed that the transaction is set to take place at the agreed price on April 25, which was approved by shareholders in September.
A few weeks after the deal, Musk tried to pull out, claiming that Twitter has far more bots and fake accounts, meaning the numbers provided were misleading. The company responded that his comments were based on a misunderstanding about how bots are counted and the entire debate is expected to go to court on Oct.17, unless it’s resolved before then.
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