Takeover of Twitter, continuation and end? After the incredible saga last months and stay in court, Elon Musk finally decided to honor son network takeover agreement social. The entrepreneur’s lawyers sent all the necessary documents to various banks and investment funds. Along the way, we also learn that, in addition to Sequoia Capital and Qatar Investment Authority, Binance is one of the main financiers of the $44 billion operation. Note that the deadlines are quite short. But there is a pretty obvious reason for this schedule and the intention to complete it all before this weekend. Last night, Elon Musk personally dispelled the last doubts. On Twitter, the businessman posted a viral video at the company’s San Francisco premises, while changing his Twitter bio and location.
Twitter HQ entrance – let it sink in! peak.twitter.com/D68z4K2wq7 — Elon Musk (@elonmusk) October 26, 2022
The planets align
The Delaware court did indeed order Elon Musk to complete the takeover of the network. social until Friday, October 28, no later than 17:00 – on the terms initially established by the contract. In the meantime, the entrepreneur gives all signs that he will fully fulfill his obligations. Failure to meet the deadline date and time can expose the contractor to a potentially very costly new lawsuit. However, we are learning via Bloomberg that Elon Musk confirmed everything live during a video conference with interested parties. Forced to redeem the network social For a price that exceeds Twitter’s current real capitalization, Elon Musk admitted last week that the amount he was going to pay was “too high.” However, at the same time, he confirmed his belief that the platform has huge potential. …And even the fact that it will be able to extend the capitalization much higher than the current level. At the moment plans Elon Musk after the takeover remain fleeting. Even if an exciting SMS exchange with Jack Dorsey probably draws the line. In a tweet dated October 5, the new boss of the network social explained that “purchasing Twitter is an accelerator for building X, the app that contains everything.” Elon Musk also reactivated the x.com domain, the former domain of the payment service that would later become PayPal. Starting next week, the entrepreneur can make the first important decisions for the company. And they can make you cringe quite a bit. In addition to network output social stock market Elon Musk wants to lay off 75% of Twitter employees to cut costs. But’information not yet confirmed as it was originally supported primarily by the Washington Post. But that’s enough for a lot of ink and probably a ton of tweets…