On April 14th of 2022, tech billionaire Elon Musk proposed that he would buy social media giant, Twitter. After he canceled his original offer, the company entered a legal battle to compel him to follow through. Now, he has revived the offer again.
Musk originally offered to buy the company for $43 billion. This was after he had already purchased nearly a tenth of the company. He previously bought 9.1% of the company in 73 million shares. This placed him firmly as Twitter’s largest shareholder.
On September 13th, Twitter shareholders voted on Musk’s proposed buyout. They overwhelmingly voted to accept it. Some 98.6% of the company voted in favor of the deal at the time. Even though he is Twitter’s largest shareholder, he refrained from voting.
According to a court filing, Tuesday indicates that Musk would show up on October 6th and 7th to answer questions in Austin, Texas. Very suddenly, he proposed to buy Twitter once more at the original price. The tech billionaire may be moving forward with this in order to avoid a legal battle.
We will continue to cover this story as it develops.
Bravo, he has it his way!!! It’s all cleaned up now it’s time to move on and enter into a new age of truth and freedom of speech.
Let me get this straight – Musk owns about ten percent of the company and he refrains from voting but 98.6 voted in favor of the sale. Do you have to fact check that?
If Musk does buy Twitter he should talk to Gab.com about what is going on there and how to fix it as Gab.com has already been there and done that on social media and as such has experience and knowledge on the actual subject. Then he can evaluate what his large ego friends have to say.
Buy for 22B???
Buy Co for 22B , 19B
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