According to the Washington post, Elon Musk offer to buy Twitter for $44 billion is in peril. Musk is not alone going to buy Twitter, there were others like Larry Ellison, the venture capital firm Andreessen Horowitz, Fidelity, the crypto exchange Binance and the state investment firm of Qatar among those pitching in a few billion as part of the efforts. Elon musk has already made commitment to the deal in doubt, the latest report cited an anonymous source saying his team preparing for a ‘change in direction’.
The news is the latest update in an ongoing saga between Musk and Twitter. Adrian Zamora, a spokesman for Twitter shared the statement that Twitter planned to close the deal and enforce it’s agreement with Musk, which still need to be approved by shareholders in a special meeting.
The statement said, “Twitter has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement.” “We believe that this agreement is in the best interest of all shareholders”. Musk who also leads Tesla and SpaceX says Twitter is not adhering to principles of free speech and he thinks it would be best if the company will be private.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in his statement. Twitter has tremendous potential, I look forward to working with the company and community of users unblock it.”
Elon Musk says that he agreed and reached upto $46.5 billion in financing for twitter deal. Musk is both a high profile Twitter user and also controversial one. He has more than 83 million on the platform, where he shares the memes and discussing his companies to insulting politician, spreading misleading about Covid-19 and making offensive remark for about transgender community.
In his Monday statement, he said that he want to make twitter better. He said in his tweet, “even my worst critics remain on Twitter, because that is what free up speech means.”