Twitter has said it plans to impose a $ 44 billion takeover deal with Elon Musk just hours after Tesla’s boss said the purchase “cannot go on” unless social media company can verify the number of fake accounts.
The San Francisco-based group commented in detailed documentation on Tuesday, outlining the turbulent weeks of late March and April when Musk revealed he was a major shareholder in the company, agreed to join its board and then announced plans to make Twitter private. .
“Twitter has pledged to complete the deal at the agreed price,” he said on Tuesday, despite publicly fighting on his own platform with Musk, who is threatening to drop the deal.
Musk injected serious doubts about the deal on Monday after saying a lower price was “not ruled out” as he mocked Twitter CEO Parag Agraval on the social media platform for not providing proof of the number. on fake accounts.
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The stock price on Twitter traded below the agreed offer from Musk of $ 54.20 per share, but fell after the South African billionaire offered that he could cancel the deal. The stock price on Twitter ended at $ 37.39 on Monday.
Goldman Sachs will earn $ 80 million from Twitter consulting, and JPMorgan will make $ 53 million, according to company documents.
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