Elon Musk Expected to Buy Twitter After All

gamerant.com:

According to a recent report based on anonymous sources, Elon Musk may be going ahead with his bid to purchase Twitter after the lengthy process of discovery. Musk first offered to buy the company back in April, but since then has called into question the company's slim reported number of Twitter bot accounts which the Tesla CEO believes is significantly lower than the actual sum.

Elon Musk first proclaimed that he would buy Twitter for $44 billion at $54.20 per share on April 14 and since then, employees at the social media company have expressed their own concerns about the corporate shuffling. Since April, Musk and his team have been debating various figures from the social media company, and when it seemed like Musk may be backing out of the deal, Twitter filed a lawsuit against him. There has been a back-and-forth dialogue between Musk and Twitter as a result of this, and Musk's legal team has apparently sent a letter to the Securities and Exchange Commission to finalize the acquisition process.

Former Disney Exec Agrees With Elon Musk About Twitter

Twitter has confirmed that it has been sent a copy of the letter that Musk's legal team has sent the SEC which states that the transaction will proceed as originally planned, at $54.20 per share. Though Twitter and Musk may both be ready to move forward with the deal now that this letter has been sent, things are now in the hands of the Delaware court that this case has gone to and the SEC. Twitter shares have risen by 13% in one day because of the expectation that Musk will be taking over the company once it's recognized by the officials, which may highlight the faith that the market has in the Tesla CEO.

Elon Musk had become Twitter's number one shareholder in early April