Elon Musk Was Set to Acquire Twitter for $44 Billion, then It Blew Up
When Tesla CEO originally announced his bid for Twitter April 25, one of the first questions regulators asked was whether when Musk first bought stock in the company his inevitable plan was to offer his deal. Musk claimed his near-10% stake in the company he purchased in early April was passive. Despite the warning signs, Musk’s deal still cleared FTC regulatory review at the start of June. That was, until Musk blew the whole thing up by announcing he wanted to pull out. Now Twitter is taking Musk to court to try and make him follow through, so there’s no way of knowing what will happen and how long this buyout will actually take.
