Elon Musk now agrees to buy Twitter to avoid going to trial

Elon Musk has offered to go ahead with the purchase of Twitter to avoid going to judgment and thus put an end to one of the biggest recent soap operas in the technology industry. After months of disputes and cross accusations, the technological tycoon would have informed the social network of its intention to maintain the agreement sealed last April and close its acquisition for 44,000 million dollars (about 41,000 million euros).

As ‘Bloomberg’ has advanced and other US media have confirmed, the richest man in the world sent a letter with his proposal to the board of the platform during Monday night, an option that is still being studied. The initial price of the sale of Twitter was agreed at 54.20 dollars per share, a figure much higher than the current value of the social network.

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Shortly after closing that purchase deal in April, Musk began accusing Twitter of lying about the number of fake accounts that operate within the platform. After almost two months of speculation, the controversial businessman declared in July that he no longer wanted to complete the acquisition to which he had committed in writing. The board of directors of the social network then denounced Musk for trying to breach the agreement. Along the way, the assessment of the company has collapsed

The long-awaited trial between Twitter and Musk is set for October 17, less than two weeks from now. If accepted, the offer would allow the tycoon to avoid a long and expensive process whose resolution is unknown. On the other hand, the US media point out that the purchase offer could be a tactic of negotiation of Musk to stop the litigation.

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