Many days before the trial, Elon Musk makes his mea culpa. According to Bloomberg, the master of Tesla offered the social network to recognize his preemption offer at the original price.
Do you like reversals? You'll love the information attained by Bloomberg on October 4, 2022. According to the American agency, Elon Musk offered Twitter to complete the preemption of the social network under the terms originally agreed, videlicet 54.20 dollars per action or roughly$ 43 billion in total. A fully inconceivable situation just many days agone
when Elon Musk is preparing his trial against the social network by criminating him of all wrong. Will Twitter say yes? Guess it will not be that easy.
Buy Twitter to prevent the lawsuit?
Still, the trial between Twitter and Elon Musk will take place from October 17 to 21, If nothing happens. Is it the appearance of this event that panics the billionaire? In view of the course of the primary hail, during which the judge made it clear to the Musk clan that his preoccupation with false accounts was inapplicable, it's likely so. Twitter wants to force Elon Musk to buy him back or pay him huge compensation, which presumably scares the billionaire. Did Elon Musk decide it was wiser to go back to the original terms? After months of nearly diurnal cuts on Twitter?
Because yes, what's surprising then's Elon Musk's offer to return to $54.20 per share. Twitter stock has crashed in recent months( largely because of him) and, indeed also, was arguably overrated. Elon Musk could have tried to negotiate a new price with Twitter, indeed if it meant entering a no, but a priori decided to return to his original offer. The bone
he rued so important and tried to tear up.
In the wake of this Bloomberg advertisement, Twitter stock soared. The stopgap that Elon Musk will buy it back at the price of $54.20 is fueling the expedients of investors who hope to realize further value from the preemption of Twitter.