It has been confirmed that Tesla and SpaceX CEO Elon Musk sent a letter to Twitter to complete the $44 billion acquisition deal.
In the notification made to the US Securities and Exchange Commission (SEC), Musk’s letter on the subject was shared.
In the letter in question, it was reported that Musk plans to complete the deal to buy Twitter.
EXPLANATION FROM TWITTER
In the statement made on Twitter after Musk’s letter, it was noted that the letter submitted to the SEC was received.
“The company’s intent is to close the transaction at $54.2 per share,” the statement said. it was said.
TWITTER FILED MUSK FOR TERMINATION OF THE AGREEMENT
Elon Musk, who previously bought a 9.2 percent stake in Twitter, made an offer of $54.2 per share for the entire Twitter, in his notification to the SEC on April 14. In the statement made on April 25 on Twitter, it was reported that the agreement was reached for the sale of the company to Musk.
Musk announced on May 13 that the deal to buy social media company Twitter for approximately $44 billion was temporarily suspended. Elon Musk, on his Twitter account regarding the reason for the suspension of the agreement, stated that “details of calculations are expected, since spam and fake accounts make up less than 5 percent of total users.”
On July 8, Elon Musk announced that he had terminated the agreement to buy Twitter, citing the violation of multiple provisions. Musk’s lawyers stated in a statement to the SEC that Twitter did not respond or refused to respond to multiple requests for information regarding fake or spam accounts on the platform, which is important to the company’s business performance.