Elon Musk is buying Twitter again… for real this time. In April, Elon Musk was buying Twitter, or so we thought. The price tag was a hefty 44 billion dollars. He wanted to back out shortly after and Twitter didn’t want him to. It was a legal battlefield. The interesting thing is, he is buying Twitter for the exact same price.  The filing states that Musk “intends to proceed to closing of the transaction contemplated by the April 25, 2022 Merger Agreement, on the terms and subject to the conditions set forth therein and pending receipt of the proceeds of the debt financing contemplated thereby.” The only condition is that the courts immediately stay and adjourn the lawsuit between Musk and Twitter.

Musk hasn’t tweeted about his reasons for reversing his reversal. A report states that his lawsuit against Twitter has not been going well, and that it appeared likely he would be compelled to finish the deal he agreed to earlier this year. Regardless of his reasons, it now seems all but certain that Twitter will end up in Musk’s hands. . What happens after that is anyone’s guess. Twitter’s share price spiked immediately following the news, from $42.95 at 12 pm ET to $52 at 4:05 pm. Twitter’s share price had previously dropped as low as $32, well below Musk’s agreed purchase price.

Final Thoughts

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