Elon Musk plans to buy Twitter in a week

Tesla CEO Elon Musk, before $44 billionprocess of buying Twitter after trying to back out of the deal. to complete getting ready. of the treaty on October 28expected to be completed.

With this famous entrepreneur, explicitly for Twitter overpaymentand social network $44 billionworth not told. However, under his leadership, the company’s expense since it can exceed even this measuresure.

We pay more than it’s worth

Musk: ” Me and other investors are clearly overpaying for Twitter right now. But to me, Twitter’s long-term potential is many times higher than its current value..” saying spoke.

According to Musk, Twitter is a as an assetin recent years ” weakened“, therefore the company in exchange for such a measure Purchasingat full real cost not compatible.

After the acquisition process, Musk took to Twitter. turn it into a private companyplans and to all existing shareholders per share. $54.20 payable. Additionally, Elon laying off 75% of plans to restructure. This is the social network 7,500employee’s approx. to 5,600it corresponds.

Musk initially launched Twitter. $44 billionwould buy, but later on the social network, information and hide bot count blamed. Subsequently after analyzing the datathen to pay such a measure for the social network that you are not ready told. Following these statements, Twitter’s shares depreciatingthe company’s capital reduced.

He sued Twitter and finally gave up

Upon this Twitter administrationMusk to depreciate the company and lower its market price. buy cheaperdeliberately undermine the prestige of the social network for by injuring blamed. The social network later took a stand against Musk. suedand its social network is the first announced price. from $44 billionforcing to buy to close the dealdemanded.

with Musk your resonancethe real value of twitter from $32 billionis lower prediction was being done. Musk in any way possible to break the dealit worked, but in the end gave upand Twitter at original priceis ready to buy told.