Bloomberg: Musk's agreement to buy Twitter "is going as expected"

19 May, 2022
Share with a friend

Bloomberg: Musk's agreement to buy Twitter "is going as expected"

A Bloomberg News reporter on Twitter reported Thursday that Twitter executives have told employees that Tesla CEO Elon Musk's agreement to buy the social media company for $44 billion is proceeding as expected and the price will not be renegotiated.

Twitter and Tesla did not immediately respond to requests from Reuters for comment.

On Tuesday, Twitter published its account of the acquisition agreement negotiations with Musk, showing that he opted not to ask questions about the company's business he is currently citing in announcing the "suspension" of the deal.

The Twitter account paints a picture of Musk in a hurry to strike a deal with his "best and last" offer. The account shows that Musk negotiated the Twitter deal over the weekend of April 23 and 24 without conducting any technical due diligence.

Since signing the deal on April 25, Musk has questioned the accuracy of Twitter's public disclosures about fake mail accounts, which represent less than five percent of its user base, saying they should be at least 20 percent.

This comes despite Twitter's announcement in its disclosures that the numbers may be higher than its estimates.


Share with a friend