Twitter announced on Tuesday its agreement for businessman Elon Musk to acquire the social network for US$44 billion, as previously agreed, a decision that should result in the cancellation of the lawsuit between the parties.
“The company’s intention is to close the transaction at $54.20 per share,” Twitter announced, in response to a proposal from Tesla’s CEO, sent hours earlier to the company and to the US Securities and Exchange Commission. (SEC).
Twitter and Musk had previously agreed to the deal to buy the company at this price, but the billionaire backed out of the transaction, arguing that he had found a material violation of several provisions of the deal, including the number of fake accounts the company has. he had accounted for.
Source: TSF
