Tesla CEO, Elon Musk, has indicated interest to seal the deal of buying over Twitter at the earlier negotiated price of 44million US dollars, according to a financial filing. The deal was sealed ahead of the trial scheduled at the Delaware Chancery Court slated for October 17 where twitter will seek an order directing Musk to sign the deal for closure at the said amount offered.
As contained in a letter send to the Tesla CEO by Twitter, Musk insisted on continuing with the deal if the court can admit adjoining the trial and other related proceedings.
Reacting through a statement, Twitter responded it received a letter and intends to close the transaction at the original share price negotiated earlier by the musk team.
In April 2022, Musk offered a 44million dollar deal to acquire Twitter.
Subsequently, in May, he announced that the deal was put on a temporary hold when he demand the actual number of persons and fake accounts on Twitter.
According to Musk Lawyer, Twitter could not comply to its obligation in the merger agreement and said, “in material breach of multiple provisions” of the agreement signed in April. (Xinhua/NAN)
