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The latest updates on Elon Musk’s Twitter acquisition

Twitter investors couldn’t refuse the $44 billion offer.

Of course it can’t be that simple.

Elon Musk is trying to cancel the deal, saying it’s because of the bots.

Musk sent a letter to Twitter says he plans to terminate their merger agreement, claims the company is materially in breach of the deal, and accuses Twitter of “false and misleading statements that Mr. Musk relied on when entering into the Merger Agreement.” Twitter then sued Musk in an attempt to force him to finalize the deal, and the fight appeared to be going to court in Delaware in October. What followed was months of legal wrangling over evidence, allegations of fraud and even some statements.

Elon Musk decides to buy Twitter again.

In the end, Musk decided to do what he had already agreed to and buy Twitter. Judge Kathaleen McCormick gave the two sides a 5pm deadline on Oct. 28 to close the deal, and with time starting to tick on the evening of the 27th, the deal is closed, and Elon Musk is reportedly starting the new era. of private ownership on Twitter by several executives, including former CEO Parag Agrawal, CFO Ned Segal and policy chief Vijaya Gadde.

Musk, who already leads Tesla, SpaceX, The Boring Company and Neuralink, is one of Twitter’s most visible users, with a large audience of devoted followers. The billionaire exec spontaneously shares earth-shattering business plans, uncredited memes and outlandish accusations. That’s in addition to responses that serve as a global tech-support line for people who want everything from help with their electric cars to politicians seeking satellite internet so they can keep civilians connected during war.


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