https://sputnikglobe.com/20221004/elon-musk-proposes-to-resume-twitter-acquisition---report-1101509430.html

Elon Musk Reportedly Proposes to Resume Twitter Acquisition

Sputnik International

Despite previously seeking to abort his takeover of Twitter, Musk has seemingly made a new proposal to the company. 04.10.2022, Sputnik International

2022-10-04T16:28+0000

2023-04-14T13:01+0000

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Tesla founder and tech mogul Elon Musk has reportedly proposed to buy Twitter for the original offer price of $54.20 a share, according to people familiar with the matter.The proposal was purportedly made by Musk in a letter to Twitter, Bloomberg has reported, citing people familiar with the matter.The news apparently resulted in Twitter shares rising "as much as 18 percent", the media outlet noted.Elon Musk made headlines earlier this year when he agreed in April to purchase Twitter in a deal valued at approximately $44 billion.But while the takeover was approved by Twitter’s Board of Directors in June, Musk attempted to terminate the deal a month later citing concerns about the number of bot accounts on the social media platform.

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Elon Musk Reportedly Proposes to Resume Twitter Acquisition

16:28 GMT 04.10.2022 (Updated: 13:01 GMT 14.04.2023)

© AP Photo / Hannibal HanschkeTesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020. As Twitter’s newest board member and largest shareholder, Musk is already floating suggestions for changes he’d like to see on the social media platform. In a series of tweets late Saturday, April 9, 2022, Musk said that the company should include an “authentication checkmark” as a feature of its Twitter Blue premium subscription service, which costs $3 a month.

Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020. As Twitter’s newest board member and largest shareholder, Musk is already floating suggestions for changes he’d like to see on the social media platform. In a series of tweets late Saturday, April 9, 2022, Musk said that the company should include an “authentication checkmark” as a feature of its Twitter Blue premium subscription service, which costs $3 a month. - Sputnik International, 1920, 04.10.2022

Despite previously seeking to abort his takeover of Twitter, Musk has seemingly made a new proposal to the company.

Tesla founder and tech mogul Elon Musk has reportedly proposed to buy Twitter for the original offer price of $54.20 a share, according to people familiar with the matter.

The proposal was purportedly made by Musk in a letter to Twitter, Bloomberg has reported, citing people familiar with the matter.

The news apparently resulted in Twitter shares rising "as much as 18 percent", the media outlet noted.

(FILES) This file illustration photo taken on August 5, 2022 shows a cellphone displaying a photo of Elon Musk placed on a computer monitor filled with Twitter logos in Washington, DC. - Sputnik International, 1920, 02.10.2022

Americas

Celeb Hollywood Agent Reportedly Tried to Broker Deal Ahead of Musk vs Twitter Trial

2 October 2022, 13:49 GMT

Elon Musk made headlines earlier this year when he agreed in April to purchase Twitter in a deal valued at approximately $44 billion.

But while the takeover was approved by Twitter’s Board of Directors in June, Musk attempted to terminate the deal a month later citing concerns about the number of bot accounts on the social media platform.