Elon Musk said he is ready to proceed Twitter Inc TWTR transfer agreement at $54.20 per share. He later urged the Twitter board to end all litigation before the deal goes through.
However, Twitter labeled Musk’s recent request for a dismissal as an “invitation to further mischief and delay.”
Twitter’s attorney said in a letter that Twitter doesn’t trust Musk to go through with it.
The judge in Twitter’s lawsuit against Musk has ruled that he has until 5 p.m. Oct. 28 to close an acquisition of the social media platform to avoid litigation.
Chairman and renowned O’Shares ETFs shark tank investor Kevin O’Leary seems to be siding with Musk on the Twitter deal.
During a recent interviewO’Leary said that Musk’s $44 billion offer to take over Twitter would be accepted and ended up going in Musk’s favour.
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“I’ve been watching Musk for ages, and I think this guy is Teflon, man,” O’Leary said. “And he can obviously multitask. So I bet on him in this deal. When all these things are over I think he will have a good result.”
He predicted that Musk would take over the social media platformand would improve user experience.
“Many users aren’t posting to it regularly anymore, and as video content emerges on other platforms, it’s falling in popularity,” O’Leary said.
“It’s a terrible company. I also use the platform and compare the metrics to everyone else including TikTok and LinkedIn and Instagram and Facebook. It’s the worst when it comes to spreading your message,” he added.
While acknowledging that Musk is paying 40% too much for the Twitter acquisition, O’Leary said the Tesla CEO could use his popularity on the social media platform to financially benefit his other companies.
Photo: Randstad Canada on flickr
