Elon Musk : Buying Twitter is an accelerant to creating X, the everything app


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It has been reported that Tesla and SpaceX CEO Elon Musk has re-bid for the social media company Twitter, which she is the defendant, and did not change the price of $ 54.2 per share in her offer.
It has been reported that Tesla and SpaceX CEO Elon Musk has re-bid for the social media company Twitter, which she is the defendant, and did not change the price of $ 54.2 per share in her offer. In the notification made to the US Securities and Exchange Commission (SEC), Musk's letter on the subject was shared. In the letter in question, it was reported that Musk plans to complete the deal to buy Twitter. With the news in question, Twitter's shares gained up to 22 percent after the trading was stopped for a short time. EXPLANATION FROM TWITTER In the statement made on Twitter after Musk's letter, it was noted that the letter submitted to the SEC was received. "The company's intention is to close the transaction at $54.2 per share," the statement said. expression was used.WHAT HAPPENED? Elon Musk, who previously bought a 9.2 percent stake in Twitter, made an offer of $54.2 per share for the entire Twitter, in a notification he made to the US Securities and Exchange Commission (SEC) on April 14. In the statement made on April 25 on Twitter, it was reported that the agreement for the sale of the company to Musk was reached. Musk announced on May 13 that his deal to buy social media company Twitter for approximately $44 billion was temporarily suspended. TWITTER FILED MUSK Elon Musk, in his Twitter account regarding the reason for the suspension of the agreement, announced that "details of calculations are expected, since spam and fake accounts make up less than 5 percent of total users." On July 8, Musk announced that he had terminated the agreement to acquire Twitter, citing the violation of multiple provisions. Musk's lawyers stated in a statement to the US Securities and Exchange Commission (SEC) that Twitter did not respond or refused to respond to multiple requests for information about fake or spam accounts on the platform, which is important to the company's business performance. Twitter, on the other hand, sued Musk for terminating the deal. Twitter's lawsuit against Musk was due to begin on October 17.
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