Elon Musk proposed continuing the purchase and averted a prolonged public dispute that had become one of the most talked-about sagas in tech in recent memory. After months of dispute and mutual accusations, the tech magnate indicated a willingness to resume proceedings, outlining the plan to honor the agreement signed in April and to bring the acquisition to a conclusion. The proposed price was $44 billion, roughly 41,000 million euros. Twitter responded that it accepted the proposal and would forward the matter to the U.S. Securities and Exchange Commission for review.
As reported by Bloomberg, Musk sent a letter to Twitter’s board proposing continued negotiations, supported by other major U.S. media sources. On Monday night, the option remained under active consideration. The original sale price of Twitter was $54.20 per share, a figure well above the platform’s then-current market value.
legal battle
Shortly after finalizing the April buyout proposal, Musk began accusing Twitter of misrepresenting user metrics, including the number of fake accounts. After nearly two months of market speculation about the platform, Musk, who leads companies like Tesla and SpaceX, publicly stated in July that he no longer wished to complete the deal he had agreed to in writing. Twitter’s board of directors subsequently accused him of failing to honor the agreement and insisted that he must fulfill his commitment. Along the way, the valuation of the company fluctuated, eroding staff confidence and creating an atmosphere of uncertainty.
The approaching hearing between Twitter and Musk was scheduled to take place within two weeks, around October 17. Twitter asserted that Musk’s claims about spam were a distraction aimed at backing out of a deal that could be restructured at a lower price. Still, testimony from Twitter’s former security chief in July suggested concerns about account authenticity and the prevalence of automated accounts, lending some support to Musk’s position.
If a settlement is reached, Musk’s adjustment could spare both sides a lengthy and costly courtroom process with an unclear outcome. In the media, there is ongoing discussion about whether the move to restore the deal was a strategic pressure tactic or a genuine effort to close the transaction.
The news was greeted with optimism in financial markets. Twitter’s stock rose in response to the developing situation, and trading temporarily paused as markets awaited a clear path to a deal. A resolution that satisfies shareholders and completes the initial objective would be seen as a decisive win for the social network and could signal an end to internal tensions that had been weighing on the company.
Before any final decision to reject the acquisition, Musk had promised Twitter investors projections including significant daily user growth and substantial revenue by 2025. There is ongoing speculation about the implications of a Musk-led Twitter, including potential shifts in content moderation, changes to algorithm management, and the possibility of reinstating former U.S. president Donald Trump to the platform.
The unfolding events highlight the high-stakes nature of large-scale tech acquisitions and the pressures that come with balancing growth expectations, regulatory considerations, and corporate governance. The outcome remains uncertain, with both parties facing consequences that could reshape the landscape of social media, advertising, and digital communication for years to come. Citations are provided where relevant to document the timeline and declarations reported by major outlets and official filings.