Elon Musk flip-flops and wants to buy Twitter again

Will buy or not buy? After proposing in the spring to acquire Twitter against 54.2 dollars per share, Elon Musk had finally decided last July to unilaterally abandon the agreement. Almost three months later, the billionaire has changed his mind again. This Tuesday, the social network confirmed having received an offer from Elon Musk.

“We have received the letter. […] The company’s intention is to complete this transaction.” at the price set in April, Twitter’s owners said. Earlier in the evening, an article from the Bloomberg agency already mentioned this new takeover offer. The quotation of the action Twitter had then been suspended “waiting for information” official. These finally arrived. Elon Musk “intends to complete the transaction envisaged by the repurchase agreement of April 25, 2022”write his lawyers in a letter addressed to the Californian group and filed this Tuesday with the American stock market policeman, the SEC.


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