Elon Musk, the CEO of Tesla, has offered to move forward with his $44 billion bid to buy Twitter.
In a filing with the Securities and Exchange Commission, Mr. Musk confirmed the offer.Infomation Guide Nigeria
This happens before Mr. Musk and the company go to court on October 17 in Delaware’s court of chancery.
In a Securities and Exchange Commission filing on Monday, a letter from Skadden Arps attorney Mike Ringler said that Mr. Musk would “continue with the transaction on the original terms, pending receipt of the debt financing for the deal, provided that the Delaware Chancery Court entered an immediate stay of the action.”
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On Tuesday, Twitter said it received Mr Musk’s letter and intends to close the transaction at the original share price.
“We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share,” the company said.Jamb Result
Mr Musk in a tweet on Tuesday said “buying Twitter is an accelerant to creating X, the everything app.”
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