(RightIsRight.co) – BREAKING NOW: Rumors had been circulating all day, and now the rumors appear true. Barring any unforeseen circumstances, Elon Musk will soon be the owner of Twitter.
As the Associated Press is reporting in a piece headlined, “Musk offers to end legal fight, pay $44B to buy Twitter”:
“Elon Musk is abandoning his legal battle to back out of buying Twitter by offering to go through with his original $44 billion bid for the social media platform.
“The mercurial Tesla CEO made the offer in a letter to Twitter, which the company disclosed in a filing Tuesday with the U.S. Securities and Exchange Commission.
“The offer comes just two weeks before Twitter’s lawsuit seeking to force Musk to go through with the deal goes to trial in Delaware Chancery Court.
In a statement, Twitter said it intends to close the transaction at $54.20 per share after receiving the letter from Musk.” [emphasis added]
Musk was set to be deposed by Twitter on Thursday in a case many legal experts say he had little chance of winning.
Still, if nothing else intervenes, Twitter will soon be under the control of Musk.
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What is your opinion of this latest development? Do you believe Musk will prove to be a good owner of Twitter? Why or why not? Please share your thoughts and views by emailing [email protected]. Thank you.
