Elon Musk has decided to buy Twitter at the original listed price decided back in April 2022.
Elon Musk has decided once again to buy Twitter! The controversial deal sparring most of 2022 finally ends in the Tesla and SpaceX CEO deciding to buyout Twitter for the same price as previously decided. Musk says he would acquire Twitter at $54.20 per share, according to regulatory filings that were made public on Tuesday. Musk had previously backed out of the deal after his reservations on the matter of Twitter bots.
Soon after the news broke out, Elon Musk took to Twitter and said, “Buying Twitter is an accelerant to creating X, the everything app.” This is a big revelation for the future of the microblogging platform, in which Musk suggested a couple of changes. Musk had bigger issues with spam bots and also wanted the Twitter Edit button to happen; the latter now finally rolling out to twitter Blue users.
Elon Musk to buy Twitter finally
The decision to go ahead with the buyout process comes just two weeks ahead of the trial destined to happen in the Delaware Chancery Court. It is said that Musk submitted his latest proposal to Twitter on Monday evening, wherein he sought a deal to buy the company at the originally fixated price. The letter also asked the court battle to be paused until the deal is closed. On Tuesday, both Musk and Twitter met in an emergency virtual court meet to discuss the proposal.
With proposal in place, it now remains to be seen whether Musk goes ahead with the buyout decision. Twitter in the hands of the Elon Musk is expected to oversee a couple of changes. The mention of X, the everything app from Musk, could end up making Twitter a part of the SpaceX and Tesla family. For Twitter users, the upcoming times are bound to be interesting.
The news comes just days after Elon Musk showcased the Tesla humanoid robot at the Tesla AI day event. Called the Optimus, it was the early prototype of Tesla’s humanoid robot that Elon Musk plans to launch sometime in the future. Optimus walked on the stage and waved to the audience, and Musk said that it was the first time the robot walked without any tether attached.