The entrepreneur himself explained what he intends to do with the social network after the purchase.
The media reports about the transition to the final stage of negotiations between the management of Twitter and entrepreneur Elon Musk on the sale of the microblogging service.
According to The Wall Street Journal, citing insiders in the company, after the billionaire’s offer, his shares rose by almost 6%.
The purchase price is $44 billion, and the terms of the deal are currently being discussed.
The WSJ insider says that the agreement can be signed before the end of the week.
It is known that the head of Tesla said that he was ready to give $54.2 for 1 Twitter share, and paying in cash. A day later, the management of the service announced a plan according to which, during 2022, in case of purchase of 15% of shares by Mask, it will give other shareholders a chance to buy shares at a discount.
A week later, on April 21, Musk announced that he was ready, after discussing this with partners, to buy Twitter for $ 43 billion, although he stressed that he had not heard a response from the company, why he intended to buy shares in the market.
The very next day, he met with the shareholders of the service and discussed the purchase of their shares, while, according to the publication, some owners agreed to the terms.
After such a step, the service management began negotiations, which have made progress at the moment.
Now it is necessary to establish the amount that the American entrepreneur is ready to pay in case of a deal failure.
In turn, Musk himself, speaking about what he would do with the service after the purchase, wished that all his “worst critics” remained on Twitter.
“I hope that even my worst critics will stay on Twitter, because this is freedom of speech,” he wrote.
Earlier, Topnews wrote that Forbes called Elon Musk the richest man in the world for the first time.
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