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Home » Tesla CEO Renews $44bn Twitter Purchase Offer In Shocking Twist

Tesla CEO Renews $44bn Twitter Purchase Offer In Shocking Twist

Lucas N by Lucas N
October 7, 2022
in Markets, People
Tesla CEO renews $44bn Twitter Purchase Offer in Shocking Twist
Share on FacebookShare on Twitter

Musk has renewed his bid to acquire Twitter for $54.20 per share. The offer was made in a letter filed with the U.S. Securities and Exchange Commission by the CEO of Tesla and SpaceX.

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In the most recent development of the Twitter ownership crisis, Musk seems to have changed his mind for the third time since April 2022, when he first offered to acquire the firm. CNBC further validated the claim of Musk’s change of heart.

Notably, Twitter’s shareholders accepted the $44 billion offer to acquire the social media behemoth earlier in September, despite a court effort to enforce the agreement. Musk, who had earlier sought to back out of the deal, seems to have changed his mind and sent Twitter a proposal.

In an email to ZDNET, a Twitter spokesperson confirmed that the business received the letter. “The intention of the Company is to close the transaction at $54.20 per share,” the spokesperson said.

Musk tweeted on Tuesday afternoon, “Buying Twitter is an accelerant to creating X, the everything app.” Musk has previously mentioned developing an “X” application.

Buying Twitter is an accelerant to creating X, the everything app

— Elon Musk (@elonmusk) October 4, 2022

Tags: Altcoin NewsFeature
Lucas N

Lucas N

Lucas N is Coin Culture's managing editor for people and market, covering opinon, interview and market analysis. He owns Near, Aurora and Chainlink

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  • bitcoinBitcoin(BTC)$104,315.00-2.40%
    BITCOIN
    24H : -2.40%
    Volume : $42,229,672,571.00
    Marketcap : $2,075,253,508,042.00
  • ethereumEthereum(ETH)$2,561.12-3.12%
    ETHEREUM
    24H : -3.12%
    Volume : $22,184,515,173.00
    Marketcap : $309,883,662,761.00
  • tetherTether(USDT)$1.0000.00%
    TETHER
    24H : 0.00%
    Volume : $70,573,605,203.00
    Marketcap : $153,104,854,900.00
  • rippleXRP(XRP)$2.16-5.17%
    XRP
    24H : -5.17%
    Volume : $3,645,038,984.00
    Marketcap : $126,875,129,899.00
  • binancecoinBNB(BNB)$662.70-2.57%
    BNB
    24H : -2.57%
    Volume : $746,500,029.00
    Marketcap : $96,726,414,025.00
  • solanaSolana(SOL)$158.25-6.51%
    SOLANA
    24H : -6.51%
    Volume : $4,745,647,348.00
    Marketcap : $82,608,117,820.00
  • usd-coinUSDC(USDC)$1.0000.0100%
    USDC
    24H : 0.0100%
    Volume : $11,758,485,729.00
    Marketcap : $61,036,468,873.00
  • dogecoinDogecoin(DOGE)$0.196-10.54%
    DOGECOIN
    24H : -10.54%
    Volume : $2,365,101,761.00
    Marketcap : $29,367,209,930.00
  • tronTRON(TRX)$0.270-2.43%
    TRON
    24H : -2.43%
    Volume : $753,353,010.00
    Marketcap : $25,574,134,802.00
  • cardanoCardano(ADA)$0.692-6.06%
    CARDANO
    24H : -6.06%
    Volume : $859,065,023.00
    Marketcap : $24,981,966,941.00

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