Twitter said it intends to enforce the $44 billion takeover deal with Elon Musk, just hours after the Tesla boss declared the purchase “can’t go ahead” if the social media company doesn’t can certify the number of fake accounts on the platform.
The San Francisco-based group made the comments in a detailed document on Tuesday, describing the turbulent weeks in late March and April when Musk revealed he was a major shareholder in the company, agreed to join the board of directors. and announced plans to take Twitter private.
“Twitter is committed to completing the transaction at the agreed price,” the company said, while publicly fighting on its own platform with Musk, who is threatening to back out of the deal.
Musk injected serious doubts about closing the deal on Monday, after saying a lower price “wasn’t out of the question” while mocking Twitter chief executive Parag Agrawal on the platform itself for not provide evidence of the number of fake accounts.
Twitter’s share price is trading below Musk’s agreed-upon offer of $54.20 a share, but fell after the South African billionaire suggested he might back out of the deal. Twitter’s share price closed at $37.39 on Monday.
Goldman Sachs will earn US$80 million (R$400 million) for advising Twitter, and JPMorgan, US$53 million (R$268 million), according to company documents.
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