It has been the talk of the town for a while that the world’s richest man, Elon Musk will own Twitter once and for all.
Elon Musk’s Twitter deal has been an on-and-off matter for a long time. The head of the Tesla company wanted to buy the social media platform for $58.20 a share. However, he backed out from the deal and cancelled the contract saying that Twitter had misled him over the number of fake ‘bot accounts’.
These allegations were rejected by the company and they said that the Tesla owner is trying to back out by contriving excuses deal just because he had a change of mind. The social media giant Twitter sued Elon Musk for cancelling the agreement.
The court also issued a statement which states that Musk has to close this deal, otherwise judge would bring the hammer down. Musk is left with no choice but to buy Twitter.
About Twitter, Musk said, “I’m excited about the Twitter situation.” He further added, “I think it’s an asset that has just sort of languished for a long time but has incredible potential, although obviously myself and the other investors are overpaying for Twitter right now.”