Thursday, November 28

Twitter: this week it could be revealed if an agreement is closed with Elon Musk on the sale of the social network

Twitter y Elon Musk más cerca de anunciar un acuerdo.
Twitter and Elon Musk closer to announcing an agreement.

Photo: JIM WATSON/ / AFP / Getty Images

Alexa Liendo

Everything seems to indicate that Twitter could be sold to the billionaire Elon Musk, although there are no details of the conversations. However, some media said that this Sunday the social network company was considering Musk’s purchase offer and it is possible that this week an answer will be given about the process for sale.

Some sources say it will be this Monday and other sources say which will be during the week. Media such as the Wall Street Journal, Bloomberg and Reuters have reported, from anonymous sources, that the conversations that took place on Sunday hinted at the possibility of a closure of the sale. The same would be in an amount that calculates each share in about $54.20 Dollars. But, that does not indicate that the agreement is guaranteed.

Let us remember that more than 10 days, it became known that Elon Musk had made an offer to acquire the company of the social network of the little blue bird and it even came to state your reasons why you wanted to be the owner of Twitter.

Prior to this, the CEO of Tesla and SpaceX acquired 9.2% of Twitter and became the main shareholder of a social network in which he is intensely active. Then there was an agreement for Musk to enter the administrative council of Twitter, which he rejected and the total purchase offer came.

The offer made from the start by Musk was at a price of $54.20 dollars per share, which translated into a millionaire offer that raised the value of the signature in more than $40,000 millions of dollars. And according to some sources, this is “the best and definitive” offer that the CEO of Tesla will make for the social network.

This week the quarterly results of Twitter will be published, according to information it will be on Thursday. WST reads that on the same day the results could be announced on the sale or not of Twitter to Elon Musk.

It was also known that Musk has been meeting privately with various shareholders of the company to explain his interest in buying. And to explain his reasons and the “important changes that wants to do on the platform, as he has shown in several of his tweets.

The form of payment for this negotiation is another point that has aroused curiosity. According to some portals, “sources who requested anonymity” revealed that the payment could be in “cash”, something that has focused interest because it is more than $10,000 millions of dollars. But we are also talking about a buyer recognized as “the richest man in the world”.

It should be noted that the main motivation for Elon’s interest Musk on Twitter was revealed in a survey made by himself, at the end of March.

Free speech is essential to a functioning democracy.

Do you believe Twitter rigorously adheres to this principle?— Elon Musk (@elonmusk) March 25, 2022

For its part, the platform had already announced some restructuring to come, this 2022. They hope that for 2023 Twitter will increase their followers and their annual income.