According to the TechCrunch website, it seems that Elon Musk; The famous billionaire will finally buy Twitter after many struggles. The CEO of Tesla has previously made an offer to buy Twitter and then tried his best to withdraw from it. However, it seems that he has not found any way to get out of this predicament and Mr. Musk’s initial offer of $54.20 per share has finally been finalized.
Elon Musk filed his decision to buy Twitter with the United States Securities and Exchange Commission, setting the sale process on a path from which it is not easy to return. Before the registration of these documents, the legal case of Twitter and Elon Musk was being considered by the court. Mr. Musk initially offered to buy Twitter and later tried to back out of the deal.
Musk’s justification for taking such a decision was that he believed that 20% of Twitter users lacked real identity and, to be more precise, were robots. Elon Musk did not provide any specific evidence to prove his claim. At the same time, Twitter claimed that bots make up 5% of the user population of this social media. Although this figure is still high; But at least it doesn’t sound as unpleasant as Elon Musk’s comments.
According to the original terms of the contract, Twitter can sue Mr. Musk and force him to complete the purchase process. Until this morning, Elon Musk was on the way to go to court and try to get rid of it. However, it seems that the situation has changed to some extent recently; Because now the documents related to the Securities and Exchange Commission have been published. Based on this, the price of $54.20 per share is exactly what Elon Musk offered to Twitter before starting the legal dispute. Therefore, Twitter can be identified as the winner of this legal controversy.
As expected; After announcing this news, Twitter’s stock price increased. At the time of publishing this news, the price of each Twitter share has reached $51.88; A figure that shows a significant jump compared to the value of $43.84 per share during the previous day.