Twitter says yes to Elon Musk’s new offer

“We received the letter from the Musk parties who filed with the SEC. The company’s intention is to close the transaction at 54.20 per share,” Twitter said.

It should be remembered that Musk tried to cancel the deal, claiming that Twitter had lied about the number of bot accounts on the platform, so the company sued him to try to make him comply with the contract he negotiated, and a trial date was set. for October 17.

“This is a clear sign that Musk recognized, as the Delaware trial looms, that the chances of winning against Twitter’s board were highly unlikely and that this $44 billion deal was going to be completed one way or the other.” another,” Wedbush analyst Dan Ives wrote in a note following the news.