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New turnaround by Elon Musk: the billionaire again offers to buy Twitter

This is a new twist in the case of the takeover of Twitter by Elon Musk, which comes two weeks before the trial scheduled between the two parties.

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New turnaround by Elon Musk: the billionaire again offers to buy Twitter

This is a new twist in the case of the takeover of Twitter by Elon Musk, which comes two weeks before the trial scheduled between the two parties. According to an article by Bloomberg, the boss of Tesla would have sent a letter to the social network on Monday, offering to buy the company at the price which had been agreed last spring, that is to say at 54.20 dollars l 'stock. While "awaiting information", the quotation of the Twitter action was suspended for five minutes, this Tuesday, October 4, before gaining 18 points.

After signing a sales contract last April, Elon Musk returned to the agreement, explaining that he had not received the necessary guarantees regarding the fight against spam and fake accounts. Twitter had then launched legal proceedings to force the businessman to honor his commitment, and everything indicated that he was in a good position to win.

Musk's line of defense - based on the proliferation of fake accounts - indeed seemed to be withering, as his lawyers struggled to substantiate accusations of security breaches. If Twitter accepts this new offer from Musk - which seems to be the case according to the American channel CNBC - the agreement could be finalized as early as Friday and the lawsuit canceled.

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