Elon Musk informs Twitter that he is ready to buy the social media giant at the agreed $44 billion dollar

Twitter on Tuesday showed its willingness for Telsa CEO Elon Musk to acquire the social network for $44 billion, as they had previously agreed.

“The company’s intention is to close the transaction for $54.20 a share,” Twitter wrote in reaction to a Musk proposal that was sent hours earlier to the company and to the US Securities and Exchange Commission ( SEC ).

Musk had been trying for months to back out of his Twitter acquisition deal, signed in April. Soon after, he began to show signs of buyer’s remorse, claiming that Twitter had misled him about the size of its user base and the prevalence of automated accounts known as bots.

This latest offer by Musk comes two weeks before the trial begins in Delaware for the lawsuit that sought to force the tycoon to proceed with the purchase.

Shares of the social network rose 22.24% this Tuesday to reach a value of 52.00 dollars. Along the same lines, Tesla shares closed at $249.44, which means a rise of 2.90% by the end of the Wall Street session.

Likewise, the New York stock market also saw a strong rise with the Nasdaq gaining 3.34%.

Subscribe here for just .08 cents per day to read subscriber content, join the PVDN newsletter, and browse with site ad-free. Support local news.

Trending news on PVDN

  • One of the three bloodiest cells of the Jalisco Nueva Generación Cartel operates in Puerto Vallarta The Jalisco Nueva Generación Cartel (CJNG) is one of the most dangerous criminal organizations in Mexico and the world, as it has come to establish operations centers in other countries such as Ecuador, where it has left a trail of violence in its struggle to obtain control of the region. To wage its bloody wars…
  • Mexico’s domestic airline industry in shambles MEXICO CITY (AP) — Mexico’s domestic airline industry is in shambles, plagued by safety problems, a ratings downgrade by the U.S. Federal Aviation Administration, and vandalism. This week alone, passengers missed connections because thieves cut the fiber optic cables leading into the Mexico City airport, forcing immigration authorities to return to using slow paper forms.…
  • Mexico wants American extradited on charges in tourist death CABO SAN LUCAS, Mexico (AP) — Mexican prosecutors have filed charges against a U.S. woman suspected of killing another American seen being beaten in a viral video. Prosecutors in the state of Baja California Sur did not name the suspect in the Oct. 29 death of Shanquella Robinson. But on Thursday, they said they had…
  • Mexico’s president accused of receiving bribes from the Sinaloa Cartel, according to US documents Joaquín El Chapo Guzmán’s lawyer, Jeffrey Lichtman, declared that both former president Enrique Peña Nieto and current president Andrés Manuel López Obrador ( AMLO ) received million-dollar bribes from the Sinaloa Cartel.
  • Puerto Vallarta tourism will have a historic end of the year This 2022 Puerto Vallarta is on track to have a historic closure as a tourist destination since throughout the year there has been a path of recovery without interruption and will undoubtedly exceed figures from pre-pandemic years. The general director of the Puerto Vallarta Tourism Promotion Trust, Luis Antonio Villaseñor Nolasco, declared that growth has…
Puerto Vallarta News

Compare Listings

Title Price Status Type Area Purpose Bedrooms Bathrooms
error: Please contact PVDN if you wish to reprint something from this website