Please join Noticeboard

Elon Musk’s Twitter battle takes surprising turn

Technology

The world’s richest person may have more trouble coming his way as his well-documented tussle with Twitter takes another turn.

In April, he said to the world that he would try and take over Twitter so that he could transform the digital platform into something which fit his image of what the online space should look like. The deal was reportedly worth up to $44 billion, and Twitter’s stock prices were rising and falling almost daily as news broke about the supposed takeover.

By July, he tore up the agreement and said that there were too many unfavourable terms associated with the deal - this sent shares of the digital platform plummeting down.

Since, Twitter have said that they would pursue the deal agreed, on the terms which were shaken on, and the two parties are due to meet in court in October of this year.

The latest news in the rollercoaster tale, is that Mus has now sold a further $7 billion in shares in Tesla, and many believe this is because he will be going back to the table to pursue the deal.

What do you think about this? Will Musk ever be the face of Twitter?

Message

Create 3 Noticeboards to earn this Silver level Community Champion Badge.

View all badges that you can earn

You're only a minute from joining in

Discover Noticeboards

Report Content

Please tell us why you are reporting this content.