Elon Musk, an American tech billionaire, has disclosed his intention to proceed with his $44 billion takeover of micro-blogging platform Twitter, Daily Independent reports.Infomation Guide Nigeria
Musk made this known in a letter sent to Twitter notifying the social media company that he intends to proceed to close the transaction for $54.20 per share that was agreed to in April.
According to a Securities and Exchange Commission (SEC) filing dated Monday, October 4, Musk would follow through on the $44 billion acquisition pending the deal’s debt financing receipt.
👉 Relocate to Canada Today!
Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >>
Immigrate to Canada
The billionaire informed Twitter in July that he was planning to terminate the deal after alleging the company breached its obligations by misrepresenting the number of spam and fake accounts on the platform.
Other Top Stories:
Twitter followed suit by suing Musk to complete the acquisition, accusing the billionaire of using bots as a ploy to walk away from the takeover.Jamb Result
However, Twitter maintained that spam and fake accounts make up less than 5% of its users.
📢 We are hiring writers!
Article Writing Jobs - We are hiring good freelance writers -
Click here to apply
Copyright Warning!
Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
.
.
The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.
.
We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us for immediate removal.