According to the Washington Post report, the deal is moving forward in good faith toward the October 28 deadline. The tycoon’s statements come after he said that he and other investors are overpaying for the purchase.
Regarding this, Musk defended that the company has long-term potential, and that its future value will be greater than its current value. It has “incredible potential,” the businessman said at a conference with analysts after the publication of the third-quarter results of Tesla, the company that makes electric vehicles.
musk too he lamented that the purchase of the social network “has languished for a long time” although he said he felt “excited” by the new advances.
Elon Musk Twitter.jpg
Musk’s purchase of Twitter had its latest interruption last week, when a investigation into Musk’s “conduct” after he announced the purchase of the companies. It is that after he showed interest in the operation, for which he had agreed to pay $44 billion, The company lost almost 10% of its capitalization.
Musk said he was slow to finalize the deal because the company was lying about the number of bot accounts that he had to inflate his weight, while the social network denounced him for making him lose market value.
The trial was to start this October the 17th, although it was postponed since the tycoon ratified the initial offer. The deadline for closing the operation is October 28when the employer must make the purchase effective if he wants the trial not to resume.
Musk further noted at the conference that he has no interest in bringing their businesses together (SpaceX, Nauralink and Twitter) under one umbrella.
Source: Ambito
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