Elon Musk overturns decision again and plans to go ahead and buy Twitter. Regulatory filings show that he proposed to buy social media at a pre-agreed price per share of 54.05, a total of About 44 billion dollars.
Sources told CNBC the deal could happen as early as Friday after the U.S. Securities and Exchange Commission (SEC). Price negotiated in April 44, which was approved by shareholders in September.
Weeks after the agreement was reached, Musk tried to back out, claiming that Twitter had more bots and fake accounts, meaning the numbers provided were misleading. The company responded that his comments were based on a misunderstanding of how bots are counted, and that the entire debate is scheduled to go to trial in October 17 unless resolved before then.
Source | Via