Elon Musk ready to buy Twitter at old price

Kathmandu. Elon Musk, the world’s richest man and CEO of Tesla Company, proposed to buy micro-blogging site Twitter in early 2022. He said that he would buy 100% shares of the Twitter company for $ 44 billion.

Under this, an agreement was also reached between Musk and the Twitter company. But Elon Musk later withdrew from the deal to buy Twitter. Twitter has appealed in court against Musk’s unilateral decision, and in the near future, the case brought by Twitter against Musk will be heard in a US court. When a case has been filed against him in court, Elon Musk has made up his mind to buy the Twitter company again.

Alleging that Twitter did not provide real data on fake accounts on its platform, Musk, who withdrew from the agreement to buy the Twitter company, is set to buy Twitter at the original proposed price.

Twitter has informed that Elon Musk is ready to buy Twitter according to the old agreement. According to which Musk will buy the entire share of Twitter company at a price of $ 54.20 per share for a total of $ 44 billion.

In recent days, Twitter and Musk have been fighting relentlessly. Musk was unhappy with the statistics on spam and bots accounts on Twitter. Therefore, he demanded that the proposed purchase price of $44 billion, which he had agreed to earlier, should be reduced. He was of such a position that he could not buy at the old price until the company gave correct information on the matter.

But Musk seems to have changed his mind recently. He has written a letter to Twitter saying that he will buy the Twitter company at the same price.

With the news that Musk has agreed to buy Twitter again, Twitter’s share price has soared. The company’s share price rose 12.7 percent to $47.93.

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Source: OnlineKhabar

Himal Sanchar