Elon Musk, head of Tesla and SpaceX, said in an interview with BBC reporter James Clayton that the $44 billion acquisition of the social network Twitter is a necessary measure as the billionaire is under pressure from a lawsuit. It has been reported TechCrunch.
“I had to do this. I did it because I thought the court would force me to close the deal. That’s the reason for the purchase,” Musk said in communication with Clayton.
Musk explained that he was really only closing the deal because the company would have to complete the purchase anyway – on its own or with a court order.
In a conversation with a journalist, the billionaire also confirmed that he was still trying to withdraw from the deal in the fall of 2022, but later lawyers advised him to complete the Twitter purchase on his own, as the lawsuit in court would most likely not happen. in his favor.
In September 2022, Twitter sued Musk for compelling him to honor a signed commitment to acquire the company for $44 billion, or $54.20 per share. Musk tried to dispute the amount of the deal, based on data he received that Twitter inflated the number of real users and underestimated the number of bots on the platform.
It was previously reported that Twitter Inc. combined With Elon Musk’s X Corp, causing the old one to cease to exist. As a result, Twitter is now owned by its parent company, Nevada-based X Holdings Corp. It is part of X Corp.