Twitter, ready to accept the purchase by the director of Tesla, Elon Muskafter the tycoon backed down and returned to the price agreed in July.
The shares of the social network took flight after learning that the tycoon accepted the company’s offer. Shortly after the Bloomberg agency made the news public, the shares of the famous social network rose 13%, momentarily suspending stock market activity after the sharp jump in its valuation.
The founder of Tesla will buy Twitter for 44,000 million dollars, the amount he announced last July, which represents a payment of 54.2 dollars per share. Musk’s final decision comes just two weeks before the start of the trial in which the company tried to force him to comply with the offer he made months ago, which he retracted, alleging that Twitter falsified data on false accounts.
Twitter and Musk had agreed to acquire the company for that price, but the billionaire later reversed the transaction, arguing that he had found a material breach of several provisions of the agreement. among them the number of false accounts recorded by the company.
