After months of litigation and disputes, it appears Elon Musk is finally near closing the deal to acquire Twitter.
The social media giant officially responded to Musk’s offer to buy out the company for the original price of $54.20 a share.
“We received the letter from the Musk parties which they have filed with the SEC. Our intention is to close the transaction at $54.20 per share,” Twitter’s General Counsel in an email to staff.
“This would remove a major obstacle to closing the deal, which has been in litigation for months over numerous items that Elon Musk has disputed with the company, including the true number of fake accounts/bots,” Trending Politics wrote.
Trending: What Was In Those Bush Sr. Funeral Envelopes? The “First Arrest” To Shock The World Revealed?
MORE – Twitter's General Counsel in an email to staff: "We received the letter from the Musk parties which they have filed with the SEC. Our intention is to close the transaction at $54.20 per share."
— Disclose.tv (@disclosetv) October 4, 2022
BREAKING:
Elon Musk Twitter deal is back on.
Buckle up snowflakes.
— Sebastian Gorka DrG (@SebGorka) October 4, 2022
If Elon Musk @elonmusk buys Twitter, he should reinstate every account banned for so-called 'hate speech', 'misinformation', or any other made up term used by the Left to silence their opposition.
Reinstate them ALL!
— Rep. Paul Gosar, DDS (@RepGosar) October 4, 2022
After the news broke, many accounts have reported a significant loss of followers.
JUST IN 🚨 Multiple Twitter users report unexpected and sudden decrease in followers count following Musk buyout deal news.
— Insider Paper (@TheInsiderPaper) October 4, 2022
Many users suspected it was a Twitter bot purge:
Mass bot check going on right now. Just lost 1500 followers 😂😂
— Spitfire (@DogRightGirl) October 4, 2022
https://twitter.com/ArtValley818_/status/1577420865729269760?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1577420865729269760%7Ctwgr%5E208f176bff7b122d1de04beb6fb280258f9b819e%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftrendingpolitics.com%2Fbreaking-twitter-formally-responds-to-elon-musks-offer-to-buyout-the-company-knab%2F
Seems like they’re purging bots maybe? 🤔
— Hodgetwins (@hodgetwins) October 5, 2022
I just lost 12,000 followers on Twitter. Is this another conservative purge?
— Nick Adams (Alpha Male) (@NickAdamsinUSA) October 4, 2022
JUST lost over 4000 + followers..
— Chuck Callesto (@ChuckCallesto) October 4, 2022
Wow… I just lost 1,400 followers.
I'm just going to take a wild guess here and say that it was Twitter removing & eliminating bots & fake accounts.
Thanks Twitter, I appreciate you saving me some work. pic.twitter.com/xiV7vbzbqS— 🍊Big Maga Dave🍊 (@daverich503) October 4, 2022
From Trending Politics:
Elon Musk himself reportedly lost 6,500 followers. But if that’s the price it takes to restore freedom to the platform, I’m sure most Twitter users would gladly take it.
Earlier on Tuesday, tech billionaire Elon Musk proposed to proceed with his buyout of influential social media platform Twitter at a price of $54.20 per share. This was the same as his initial April offer.
Twitter shares spiked upon the surprising news and trading was halted.
*MUSK SAID TO PROPOSE TO TWITTER TO PROCEED W/ DEAL AT $54.20$TWTR shares just spiked and now are halted pic.twitter.com/cF6k1SfF1r
— Kailey Leinz (@kaileyleinz) October 4, 2022
Musk’s deal has come amid a contentious court battle that has forced Twitter to reveal the internal workings of the platform. Court documents released last week revealed numerous conversations by Musk over his reasons for making an initial buyout offer and his attempt to take a seat on the board.
Twitter shareholders in September voted to approve Elon Musk’s $44 billion bid to take over the social media platform.
Musk hinted of what he has planned for Twitter:
“Buying Twitter is an accelerant to creating X, the everything app,” he said.
Buying Twitter is an accelerant to creating X, the everything app
— Elon Musk (@elonmusk) October 4, 2022
Twitter probably accelerates X by 3 to 5 years, but I could be wrong
— Elon Musk (@elonmusk) October 4, 2022
In May 2022, Musk shared his vision of an app which has “Twitter plus PayPal all rolled into one.”
Watch on Rumble via Chief Nerd:
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!