On Tuesday, Twitter Inc (TWTR.N) said it was committed to completing Elon Musk’s $44 billion transactions at the agreed-upon price and parameters.
The purchase is subject to Twitter stockholder approval and is expected to be finalised in 2022, according to the firm.
Recently Elon Musk raised the question that Twitter has more than 20% of accounts as bots. He further said that Twitter posted a wrong report with the SEC claiming to have only 5% of the accounts have bots. This has hit Twitter shares at rock bottom, while Elon Musk is thinking of making a new offer according to the Twitter accounts.
However, it won’t be that easy for Elon to jump out of the deal, as the banks who are financing the deal have put a clause in the agreement. The banks have added a fee of $1 billion dollars if Elon Musk tries to get out of the deal.
It would be worth noting of Elon musk still tries to pursue this dream of buying Twitter. But the chances are a glimpse as new and new discovery unfolds every single day.
