Three months after giving up the repurchase, the billionaire once again proposed to buy the social network. Twitter has said its “‘intention to conclude this transaction”.
Le Monde
The start of the end of the soap? Billionaire Elon Musk relaunched his Twitter buyout project on Tuesday, October 4, at the agreed price in April, three months after having given up the social network for the first time. Twitter confirmed Tuesday that it has received a letter from Elon Musk, which wants to buy the social network 54.20 dollars per share, two weeks before the planned trial between this hectic acquisition.
“We have received the letter (…). The intention of the company is to conclude this transaction” at the defined price, tweeted the group of San Francisco after the news of the twist was revealed by the ‘Bloomberg Economic Information Agency a few hours earlier.
The rating of the suspended Twitter title
In July, the founder of Tesla had flipped, accusing Twitter of having failed in his contractual obligations, providing him with erroneous or incomplete data, in particular on the number of false accounts.
The social network had brought a trial to Mr. Musk for violating the buyout agreement, in order to force him to honor his commitment. The trial, if he is maintained, must theoretically take place from October 17 to 21.
Earlier in the day, the rating of the Twitter action had been suspended on the New York Stock Exchange “pending information” concerning this offer. The quotation had been suspended for the first time for 5 minutes, and the title had soared up to + 18 %, before being stopped again, at + 12.7 %.