After this proposal of Elon Musk, the dispute with Twitter may end, will the $ 44 billion deal be completed?

Posted on 6th Oct 2022 10:23 am by rohit kumar

Elon Musk and Twitter may resolve the ongoing dispute between themselves in the coming time. Soon after this, Elon Musk's deal to buy the social media giant may once again be back on track.

 

Let us tell you, news agency Reuters quoted sources related to the matter as saying that Tesla CEO Musk has made an offer to Twitter on Monday, saying that if Twitter comes to the negotiation table once again except for the lawsuit. , then he may return to the $ 54.20 per share deal he made with Twitter in April this year.

 

It may take time to complete the deal

 

The two sides have agreed to postpone the court hearing on Thursday after mutual consent. Is.

 

Twitter has not yet accepted the offer

 

There has been no immediate response from Twitter's legal team to the offer made by Musk. Sources said the proposal made on Monday was pending receipt of debt financing on completion of the deal, but that condition is likely to be removed from the possible agreement.

 

Why Musk canceled the Twitter deal

 

Elon Musk canceled a $44 billion Twitter deal saying Twitter was full of spambot accounts and didn't provide any information about it when it struck the deal, with Twitter sharing any information about it with him. Not doing either. He also used allegations from former Twitter security chief and whistleblower Peter Jatko to justify his decision.

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