Elon Musk says he and other investors are “obviously paying too much” for Twitter. The Tesla founder and the world’s richest man, incidentally, is “enthusiastic” about the purchase of the social medium, which in his opinion “kind of languished for a long time, but has an incredible amount of potential”. He made these statements when he answered questions from reporters about Tesla’s quarterly earnings on Wednesday.
Musk made an offer on Twitter of $44 billion in April, but later regretted it and decided in July that he wanted to get rid of the deal. According to him, there were far fewer human users of the messaging service than Twitter claims and far more automated accounts or bots.
The value of Twitter fell sharply shortly after this and the messaging service decided to go to court to oblige Musk to comply with the agreement on the acquisition. That lawsuit in the American state of Delaware was supposed to start on October 17, but at the beginning of this month Elon Musk was willing to take over Twitter for $ 44 billion. Musk did attach the conditions that he would have to collect the necessary funds and Twitter had to drop the lawsuit. The judge has given him until October 28 to arrange the takeover.
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