Elon Musk re-ups offer to buy Twitter for $44...

Elon Musk re-ups offer to buy Twitter for $44 billion: reports

-

Elon Musk discusses SpaceX's latest plans to launch its new Starship rocket in 2022 during a project update at the company's Starbase facility in South Texas on Feb. 10, 2022.

Elon Musk discusses SpaceX’s plans for its new Starship rocket during a project update at the company’s Starbase facility in South Texas on Feb. 10, 2022.
(Image credit: SpaceX)

Elon Musk’s purchase of Twitter may be back on again.

The SpaceX and Tesla chief has proposed buying the social media company for $44 billion, honoring an offer that was first announced in April, Bloomberg and The Washington Post reported today (Oct. 4).

“Twitter is considering whether to accept the proposal, and will not act for at least another day,” the Post reported (opens in new tab), citing an unnamed person familiar with the negotiations. “Because there is great distrust on both sides, Twitter leaders are questioning whether the letter represents a legal maneuvering, this person said.”

Related: 8 ways SpaceX has transformed spaceflight

Shortly after announcing the planned purchase, Elon Musk said he would go through with it only if Twitter could demonstrate that fewer than 5% of its users are bots — fake or spam accounts. 

That didn’t happen, at least not to Musk’s satisfaction, and the billionaire entrepreneur filed paperwork pulling out of the deal in July. Twitter then sued Musk, seeking to hold him to it.

The case is scheduled to go to trial in the Delaware Court of Chancery on Oct. 17, as The Washington Post noted. 

“This is a clear sign that Musk recognized heading into Delaware Court that the chances of winning versus Twitter board was highly unlikely,” Dan Ives, an analyst with Wedbush Securities, a Los Angeles-based investment firm, wrote in a Tuesday note cited by The Washington Post. “This $44 billion deal was going to be completed one way or another.”

This isn’t the only news concerning Twitter and Musk today. On Monday (Oct. 3), Musk tweeted out a proposal (opens in new tab) to help bring Russia’s invasion of Ukraine to an end, which he asked his followers to vote on. 

The billionaire’s idea includes allowing Russia to hold on to Crimea, which the nation annexed from Ukraine in 2014, and holding elections supervised by the United Nations in regions that Russia annexed during its current invasion, which began in February. “Russia leaves if that is will of the people,” Musk wrote.

The proposal has rubbed a lot of people the wrong way. One of them is chess grandmaster Garry Kasparov, a frequent critic of Russian President Vladimir Putin (opens in new tab) who was born in what was then the Soviet Union but has lived in New York City since 2013.

“This is moral idiocy, repetition of Kremlin propaganda, a betrayal of Ukrainian courage & sacrifice, and puts a few minutes browsing Crimea on Wikipedia over the current horrific reality of Putin’s bloody war,” Kasparov tweeted on Monday (opens in new tab).

Mike Wall is the author of “Out There (opens in new tab)” (Grand Central Publishing, 2018; illustrated by Karl Tate), a book about the search for alien life. Follow him on Twitter @michaeldwall (opens in new tab). Follow us on Twitter @Spacedotcom (opens in new tab) or on Facebook (opens in new tab).  

Join our Space Forums to keep talking space on the latest missions, night sky and more! And if you have a news tip, correction or comment, let us know at: community@space.com.

Michael Wall is a Senior Space Writer with Space.com (opens in new tab) and joined the team in 2010. He primarily covers exoplanets, spaceflight and military space, but has been known to dabble in the space art beat. His book about the search for alien life, “Out There,” was published on Nov. 13, 2018. Before becoming a science writer, Michael worked as a herpetologist and wildlife biologist. He has a Ph.D. in evolutionary biology from the University of Sydney, Australia, a bachelor’s degree from the University of Arizona, and a graduate certificate in science writing from the University of California, Santa Cruz. To find out what his latest project is, you can follow Michael on Twitter.

Read More

Latest news

A healthy serving of soul music

Soul Food Tuesdays, one of the...

PROVEN!

INSIDE Germany salvage 1-1 draw with Spain -...

Speid cites reason for Hallgrimsson

Jamaica Football Federation (JFF) technical committee...

‘Family feud’ ends amicably as Spain and Germany draw -game loss

A Trench Town man, Steven Johnson,...
- Advertisement -spot_img

Carpenter charged with murder

A 41-year-old carpenter has been charged...

WATCH: Educators to groom ‘new thinkers in farming’, says Charles Jr

Pearnel Charles Jr at the official launch of the 'Grow Smart, Eat Smart' campaign at the annual Denbigh Agricultural,...

Must read

Jennifer Lopez thought she was ‘going to die’ after ‘painful’ Ben Affleck split

November 28, 2022 | 5:58pm Jennifer Lopez and Ben...

Khloé Kardashian trolled over strange Instagram ad: ‘She just wanted the check’

November 28, 2022 | 5:37pm Khloé Kardashian’s fans are...
- Advertisement -spot_imgspot_imgspot_imgspot_img

You might also likeRELATED
Recommended to you