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Elon Musk offers to buy Twitter at original price

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Posted: Tuesday, October 4, 2022. 1:02 pm CST.

By Zoila Palma Gonzalez: Business magnate, Elon Musk wants to proceed with Twitter buyout, KnowTechie reports.

Musk will pay the original $44bn price for Twitter despite his complaints about bots on the platform.

Musk offered to pay $54.20 a share – the same sum proposed in his original buyout offer. In total, the deal values Twitter at $43b.

In April of this year, Musk made his first offer citing discontent with Twitter’s moderation policies.

Before April, Musk had already built a significant shareholding in the company, his stake reached 9.2 percent, making him Twitter’s largest shareholder.

 

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