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Elon Musk Offers to Buy Twitter for Originally
Agreed-Upon Price

Original Article

Posted By: Dreadnought, 10/4/2022 2:54:55 PM

Elon Musk has sent Twitter a letter proposing to buy the social-media company for his original offer price of $54.20 a share, after spending months trying to back out of the initial deal, according to a new report. Sources told Bloomberg News Musk has offered to buy Twitter, just weeks before he was set to appear in court to fight a lawsuit the company filed over his efforts to pull out of the $44 billion deal. Twitter’s stock price briefly shot up as high as 18 percent on the news before trading was suspended. Musk first began trying to pull the plug on the deal in July.

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Reply 1 - Posted by: Jed 10/4/2022 3:08:08 PM (No. 1295317)
Not a stupid man. Wonder what his long game is?
9 people like this.

Reply 2 - Posted by: SkeezerMcGee 10/4/2022 3:24:40 PM (No. 1295330)
Musk will regret this purchase. He's paying far too much.
1 person likes this.

Reply 3 - Posted by: Rama41 10/4/2022 3:33:15 PM (No. 1295337)
Timing is perfect for a reformed Twitter.
5 people like this.

Reply 4 - Posted by: davew 10/4/2022 3:44:20 PM (No. 1295344)
My prediction is that it will get shorted down to $15.00 once the deal closes and everybody heads for the exits. Twitter has the distinction that it is hated by both the left and right.
0 people like this.

Reply 5 - Posted by: danu 10/4/2022 4:19:36 PM (No. 1295365)
very sporting. very strange.
1 person likes this.

Reply 6 - Posted by: MindMadeUp 10/4/2022 4:37:09 PM (No. 1295374)
Hmmm. Wonder if he's just yanking their chain and will come up with another reason to back out at the last minute.
1 person likes this.

Reply 7 - Posted by: Californian 10/4/2022 5:50:23 PM (No. 1295422)
He's a few days out from his deposition. The guy is a loose cannon. I'm sure his lawyers told him his emails and texts will get him demolished in court. I don't care that he was forced to buy it. He's a loud mouth and egotist like the rest of,the valley billionaire types. If he takes a bath on this one, what do I care?
0 people like this.

Reply 8 - Posted by: Dodge Boy 10/4/2022 9:05:46 PM (No. 1295565)
Yes, indeed, #1. I wonder what Elon's long game is. The options traders take over and short Tweeter big time down to the low- to mid-$40s range?
1 person likes this.

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