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Twitter Announces Elon Musk Deal Has Ended: So What Does It Mean?

  • June 8, 2022
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SpaceX and Tesla CEO, who holds the title of the richest person in the world Elon Muskwith a decision that resonated worldwide at the end of April, the

Twitter Announces Elon Musk Deal Has Ended: So What Does It Mean?

SpaceX and Tesla CEO, who holds the title of the richest person in the world Elon Muskwith a decision that resonated worldwide at the end of April, the popular social media platform Twitter $44 billion had agreed to buy it for an astronomical fee.

The 50-year-old businessman then took to social media to announce that the purchase had been suspended. It was said that the reason for this was Twitter’s data on bot accounts. While the news that Musk is still determined to buy the platform keeps coming, a statement is now coming from Twitter.

Twitter has announced that the expected wait time for the purchase has passed

twitter

The social media platform, which has millions of users, made statements about Musk’s bid to buy the company for $44 billion. The giant company complies with the law regarding this acquisition. the anticipated waiting time has elapsed. expressed. For example, it was reported that the agreement could prevent antitrust investigations, which could take months.

In statements the US-based company made today, completion of the deal now includes contract approval, the company’s shareholders and regulatory authorities. other closing conditions. said to be subject. Following this news, it was reported that the company’s shares were up 2%.

In recent weeks, Musk’s equity stake before the acquisition $33.5 billion It was announced that the rest would be covered by loans. In addition, a group of shareholders recently sued the famous billionaire for his shares.

Source: Web Tekno

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