{"id":147612,"date":"2022-10-05T17:24:13","date_gmt":"2022-10-05T22:24:13","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/10\/musk-u-turns-again-to-buy-twitter-at-his-original-offer-but-why"},"modified":"2022-10-05T17:24:13","modified_gmt":"2022-10-05T22:24:13","slug":"musk-u-turns-again-to-buy-twitter-at-his-original-offer-but-why","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/10\/musk-u-turns-again-to-buy-twitter-at-his-original-offer-but-why","title":{"rendered":"Musk u-turns again to buy Twitter at his original offer. But why?"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/musk-u-turns-again-to-buy-twitter-at-his-original-offer-but-why2.jpg\"><\/a><\/p>\n<p>It looks like Musk\u2019s buy-out will lead to the creation of his own app named X.<\/p>\n<p>According to a report from Bloomberg News, Elon Musk has informed Twitter that he is once more prepared to purchase the business at his original offer of $54.20 a share. This news is also supported by an official U.S. Securities and Exchange Commission (SEC) filing from the 3rd of October 2022.<\/p>\n<p>\u201cElon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share\u2026 Musk made the proposal in a letter to Twitter, according to people familiar with the matter, who asked not to be identified discussing confidential information,\u201d states the Bloomberg report.<\/p>\n<hr>\n<p>JD Lasica\/Wikimedia Commons.<\/p>\n<p>\u201cLawyers communicated the proposal to Twitter\u2019s lawyers overnight Monday and filed a letter confidentially with the Delaware Chancery Court ahead of an emergency hearing on the matter scheduled for Tuesday,\u201d added the Wall Street Journal on the news of Musk\u2019s apparent change of heart.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It looks like Musk\u2019s buy-out will lead to the creation of his own app named X. According to a report from Bloomberg News, Elon Musk has informed Twitter that he is once more prepared to purchase the business at his original offer of $54.20 a share. This news is also supported by an official U.S. [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2019,1496],"tags":[],"class_list":["post-147612","post","type-post","status-publish","format-standard","hentry","category-business","category-elon-musk","category-law"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/147612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=147612"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/147612\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=147612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=147612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=147612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}