Elon Musk To Commit $33.5B For Twitter Acquisition 

27.05.2022 08:05
by Maksym Prykhodko
1 min read

The new filing indicates the Twitter deal is still going forward, although Musk recently said the deal couldn’t proceed until Twitter verifies how many users on the platform are spam accounts or bots. Twitter CEO Parag Agrawal said the company’s estimate of spam accounts on the platform is based on multiple internal reviews, and external validation isn’t possible.

In April, Musk agreed to buy Twitter for about $44 billion, or $54.20 per share. The move came after he became Twitter’s largest outside shareholder, then submitted an unsolicited bid to acquire the company.

Author

  • Maksym has denied the existence of crypto as an asset for 3 years when he was working with standard financial instruments. Became Head of Treasury. Won the best bank employee award and left the bank for cryptocurrency exchange the next day. Got a second university degree, but that didn’t stop him from studying finance yet. Combines fiat and crypto experience to be as objective as possible in general matters. His dream is to be interviewed by Bloomberg.

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