The $44 Billion Twitter Deal is Back on the Table. Elon Musk is Serious This Time

The $44 Billion Twitter Deal is Back on the Table. Elon Musk is Serious This Time

It turns out Elon Musk is ready to buy Twitter for $44 billion. The Twitter stock soared on Tuesday in response.

Billionaire wants to acquire Twitter at a price of $54.20 per share, which was April's original deal price.

Tuesday afternoon, the Twitter stock rose 13% to $47.93 before it was halted as a result of the news report. According to Bloomberg, which cited people familiar with the matter, Musk did send a letter to Twitter offering to keep the original deal. The letter was revealed by Musk to the Securities Exchange Commission late Tuesday afternoon. Following that, shares gained 22% and closed up at $52.

In the letter, Musk's lawyers said their team intended to close the deal before receiving funds for debt financing. However, there is one condition: the court must first suspend and postpone the trial and all other proceedings until the deal is closed. An investor relations representative for Twitter confirmed receiving the letter, stating that the company intends to close the deal at $54.20 per share.

After originally agreeing to buy Twitter in April, Musk withdrew the deal in July, stating that Twitter had misled him about a number of spam bots and fake accounts on the platform.

Dan Ives, an analyst at Wedbush Securities, believes that the decision to go forward with a deal makes the most sense.

"Musk clearly understood, heading into Delaware Court, that he was unlikely to win against the Twitter board, and this $44 billion deal was going to be completed anyway," according to the analyst.

The upcoming trial between Musk and Twitter is scheduled to be held in Delaware Chancery Court on October 17. Twitter filed a lawsuit against Musk in order to force the deal to go through. Twitter's shareholders have already voted in favor of the merger, which Twitter said at the time was the final approval or regulatory condition that had to be met in order to complete the deal. The trial became yet another obstacle in the way.

Tulane Law School professor Ann Lipton shared her opinion that the timing wasn't unusual. As she noted, it's not uncommon for cases to be settled right before a trial begins.

In August, Musk sold $6.9 billion worth of Tesla stock, triggering speculation on Wall Street that he was raising capital for the Twitter deal. After Bloomberg reported about the letter, Tesla stock dropped from its intraday peak of $257.50. Nevertheless, the stock was still up 2.3% on the day.

According to Brian Quinn of Boston College Law School, Musk's intention to move forward on a deal he had already approved didn't seem particularly groundbreaking.

"It doesn't seem there is much to learn here, other than the fact that, if you sign a contract, the court will force you to fulfill it," Quinn said. "Finally, his lawyers explained this to him."

According to Musk, he planned to finance the takeover with equity and debt financing before attempting to terminate it. Some of the well-known investors who have committed their capital to Musk's deal include Larry Ellison's trust and the world's top crypto exchange Binance.

The platform could go in a dramatically different direction under Musk. His proposal is to make Twitter's algorithm open source. In addition, the billionaire has suggested bringing back former President Donald Trump, who was banned on Twitter after his supporters stormed the capitol in January 2021. A major component of Musk's vision for the platform is for each and every legal expression on the site to be allowed. In contrast, he has taken a tough stance against spambots. Since Musk is one of the most prominent Twitter users, the platform may be able to tailor its features more closely to users' needs under him.

Subscribe Our Newsletter

The_New_U.S._Energy

Milena

The New U.S Energy Revolution Has Come

Manufacturing of clean energy equipment is returning to the United States. What's driving it, and which businesses stand to benefit? Let's find it out!

Companies
The Future of Digital Currency Is Arriving Fast. Can the Fed Catch Up?
The Future of Digital Currency Is Arriving Fast. Can the Fed Catch Up?

When was the last time you paid for groceries or coffee using dollar bills rather than a swipe of a card or your phone? You (and I) are part of a disappearing breed if you still use cash.

Crypto
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Deborah Middleton

Managing Your Financials The Right Way – A Startup Guide 
In the intricate world of startups, managing financials is the backbone that upholds your entrepreneurial dreams. Neglecting this pivotal task can easily lead to disastrous consequences. Hence, adopting an appropriate financial management strategy right from the outset is crucial.

discover
What is Bitcoin Mempool and How Does It Work?

Oto

Explaining Bitcoin Mempool And Its Role in Processing Transactions

Learn about the Bitcoin mempool, where pending transactions await confirmation. This article explores its formation, operations, challenges, and impact on transaction times, fees, and network congestion.

Blockchain
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.