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Elon Musk announced he is Moving forward with his Acquisition of Twitter

Previously, we announced that Elon Musk was acquiring Twitter. Twitter even went to the extreme of adopting a “poison pill” to try and prevent Musk from purchasing Twitter, just to change their minds later after a board meeting.

Next, Elon Musk requested to terminate the $44 Billion offer to acquire Twitter due to the possibility of Twitter not releasing accurate information about bot accounts on Twitter.

Twitter then filed a lawsuit against Elon Musk, and he was able to successfully delay the lawsuit to get his financials in order to acquire Twitter. Judge Kathaleen McCormick, granted Elon Musk until October 28th for both parties to complete the deal, and then suspended the litigation that was filed against Elon Musk.

Elon Musk announced that he is continuing to acquire Twitter two days ago then tweeted yesterday with a video that he was “Entering Twitter HQ holding a sink- let that sink in.”

Today, he tweeted as to what his motivation was for his acquisition of Twitter and Musk has officially changed his Twitter handle to “Chief Twit” and also Twitter is officially taking its stocks off the market from being purchased by the public.

Acquiring Twitter has definitely been an epic continuation of a back-and-forth between Musk and Twitter, and it has been very interesting to see how it unfolded. The deal definitely caused stock prices to go up and down with Twitter, and the deal is set to be officially closed by tomorrow.

 

 

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