Elon Musk wanted to complete the Twitter purchase agreement for about $ 31 billion, or 30% less than the $ 44 billion for which an agreement was reached last April. This was revealed by the New York Times, which cites four people close to the agreement. In the weeks leading up to the letter in which Musk's lawyers informed Twitter on Tuesday, October 4 that they were ready to complete the transaction, representatives of Tesla's boss allegedly held several meetings with people within the social company. media in order to obtain a discounted price. According to sources - who asked to remain anonymous - Twitter rejected the first proposal of 31 billion, as well as the second proposal of 39.6 billion, which would have allowed Elon Musk to save 10%.
The context
In April Elon Musk submitted a $ 44 billion bid to buy Twitter, and Twitter accepted. In May, the agreement was then temporarily suspended, as Musk said he wanted to verify the number of fake accounts operating on the platform, saying that according to him they are much more than the 5 percent declared by Twitter. Following a back and forth between the two parties - which provoked a heated debate on the implications in terms of privacy, freedom of expression and the company's future of the agreement - Musk accused Twitter of not wanting to provide him with the information necessary to carry out these checks, and therefore decided to terminate the agreement by means of a letter sent to the SEC, the authority that supervises the US stock exchange. In response, Twitter denounced Elon Musk with the intention of forcing him to honor his commitments. The trial should have started - precisely - on 17 October. Musk had reacted with a counter-complaint.
Closing the deal
In the letter announcing that they want to complete the deal for the original figure, Musk's lawyers make it a condition that the trial be suspended, which should begin next week . There is still some fear - even within the company - that the letter is nothing more than the umpteenth strategy by Musk to try to push for a discount on the price having a time horizon a little longer than the two weeks that they would have separated him from the trial. However, on his social media accounts, the owner of Tesla and SpaceX has made it known that he intends to complete the purchase and make Twitter "a total app".
