Connect with us

Technology

Elon Musk sets to proceed with Twitter take-over

Published

on

has declared that he wants to proceed with his original $54.20 per share deal to acquire Twitter.

A filed with the U.S. Securities and Exchange Commission, SEC, showed Musk will follow through on the $44 billion acquisition pending the receipt of the deal’s debt financing.

Twitter had first accepted Musk’s offer in April this year.

The billionaire informed Twitter in July that he was planning to terminate the deal after alleging the breached its obligations by misrepresenting the number of spam and fake accounts on the platform.


RELATED:


However, Twitter maintained that spam and fake accounts make up less than 5% of its users.

Advertisement

Join us on Facebook

Trending