Elon Musk To Complete Take Over Deal Of Twitter

Post created on 9:53 am

Billion Elon Musk intends to proceed with the original $54.20 per share offer to acquire Twitter.

A letter filed with the U.S. Securities and Exchange Commission, SEC, showed that Musk will follow through on the $44 billion acquisition pending the receipt of the deal’s debt financing.

Twitter first accepted Musk’s offer in April this year.

The billionaire informed Twitter in July that he was planning to terminate the deal after alleging the company breached its obligations by misrepresenting the number of spam and fake accounts on the platform.

Twitter however maintained that spam and fake accounts on its platform are less than 5% of its users.