Musk Plans to Buy Twitter For $44B; Twitter Intends to Close Deal

Chris Menahan
InformationLiberation
Oct. 04, 2022

It's happening.

Musk made the proposal in a letter to Twitter, according to people familiar with the matter, who asked not to be identified discussing confidential information.

Shares in Twitter climbed as much as 18% on the news, after trading was briefly halted https://t.co/XyvT788YCA
— Bloomberg (@business) October 4, 2022

NEW: Twitter intends to close Musk deal at $54.20/share https://t.co/dXzuR0GKuK
— Bloomberg (@business) October 4, 2022

Twitter issued this statement about today's news: We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share.
— Twitter Investor Relations (@TwitterIR) October 4, 2022

"Elon Musk revived his bid for Twitter Inc. at the original offer price of $54.20 a share, potentially avoiding a courtroom fight over one of the most contentious acquisitions in recent history," Bloomberg News reports.

"Musk made the proposal in a letter to Twitter on Monday, according to a filing with the Securities and Exchange Commission that confirmed a Bloomberg report. Shares of Twitter climbed as much as 23% when they resumed trading following a halt on the news. San Francisco-based Twitter said it received the letter and intends to close the deal at the original price, without commenting specifically on how it will respond to Musk."

It's interesting this news came out one day after Musk came under the "biggest bot attack" he's "ever seen" for proposing a perfectly reasonable Russia-Ukraine peace deal.

Ukraine-Russia Peace:

- Redo elections of annexed regions under UN supervision. Russia leaves if that is will of the people.

- Crimea formally part of Russia, as it has been since 1783 (until Khrushchev’s mistake).

- Water supply to Crimea assured.

- Ukraine remains neutral.
— Elon Musk (@elonmusk) October 3, 2022

Indeed. Biggest bot attack I’ve ever seen.
— Elon Musk (@elonmusk) October 3, 2022

Ukraine's ambassador lashes out at Elon Musk's peace proposal, telling him to "fuck off" and saying no Ukrainian will buy his "Tesla crap" pic.twitter.com/egrhbA3rEA
— BNO News (@BNONews) October 3, 2022

A recent study from researchers at the University of Adelaide found that Ukrainian bots outnumber Russian bots on Twitter by around 10 to 1.

Really interesting study about how influential bots are in driving conversations related to the Russia-Ukraine conflict. More than 90% of the bots are Pro-Ukrainian, with fewer than 7% pro-Russian. Wonder who's running and financing the bot activity.https://t.co/Swfkd0RoPe
— Mollie (@MZHemingway) September 5, 2022

He should ban their entire botnet once he takes over.

[This post has been updated with new information.]

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