It appears that Elon Musk has changed his mind about his first ambition to buy Twitter. The billionaire had already pulled out of the agreement, but it now seems like Musk is considering purchasing the platform again.
For those who are unaware, the CEO of Tesla and SpaceX proposed to purchase Twitter in April 2022 for 44 billion US dollars. The agreement was quickly suspended, however, due to disagreements over the alleged prevalence of phony and spam accounts on Twitter’s network. Although Facebook asserted that the amount was less than 5%, Musk chose to back out of the agreement. He asserted that his contract with the microblogging platform had been broken.
Thus, Musk pulled out of the agreement in July 2022, claiming that the firm had not given him adequate business information. In response, the social media firm sued Elon Musk in order to compel the businessman to make the first purchase. The business claimed that Musk had interfered with its operations and even reduced shareholder value.
However, Musk’s decision to reconsider the buyout comes before the trial, which was scheduled to start on October 17. The trial should be abandoned since Elon is planning to repurchase Twitter unless he has a change of heart.
