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Twitter plans to enforce $44bn takeover price with Elon Musk

Twitter said it plans to enforce the $ 44 billion takeover deal with Elon Musk, hours after Tesla’s boss announced the acquisition “Can not move forward” Unless the social media company can confirm the number of fake accounts.

The San Francisco-based group made the remarks in a detailed submission Tuesday, describing the stormy weeks in late March and April in which Musk revealed he was a major shareholder in the company, agreed to join its board of directors and then announced plans to make Twitter private.

“Twitter is committed to completing the deal at the agreed price,” it said Tuesday, even as it publicly battles its own platform with Musk, which threatens Stay away from the deal.

Musk instilled serious doubt about the deal closing on Monday after saying a lower price was “out of the question” when he mocked Twitter CEO Farag Agrwal on the social media platform for not providing proof of the number of fake accounts.

Twitter’s share price traded below the agreed-upon share offer of $ 54.20 of Musk, but it plunged after the South African billionaire suggested he could stay away from the deal. Twitter’s share price closed at $ 37.39 on Monday.

Goldman Sachs will earn $ 80 million from Twitter consulting and JPMorgan will earn $ 53 million, according to company documents.

Twitter plans to enforce $44bn takeover price with Elon Musk Source link Twitter plans to enforce $44bn takeover price with Elon Musk

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