Twitter warns Musk: the price does not change

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The protests of Elon Musk on the actual account of the bots on the Twitter they put in alarm the board of social media, who made it clear that he has no intention of change the acquisition price. Twitter costs $ 44 billion no matter what Musk tweets.

Twitter warns Musk: the price of the social network does not change

Recently, Elon Musk “paused” the Twitter acquisition, saying he is unsure that only less than 5% of users on the platform are bots or spam accounts. Many have read these protests as an attempt to lower the price or to evade the acquisition.

Among these, also the Twitter Board of Directors. Who said: “The Board and Mr. Musk have accepted a transaction for $ 54.20 per share. We believe this agreement is in the best interest of the shareholders. We intend to conclude this transaction and finalize the merger agreement ”.

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The company then said in a press release that “Twitter agrees to complete the transaction at price and terms agreed il as fast as possible “:

Excluding the possibility of lowering the price, Musk must decide whether to continue or whether to exit. But if he were to do it, he would be forced to pay one penalty of one billion dollars to the social network. THETesla’s CEO could take the company to court to avoid paying the fee. But he should prove that, as he says, the bots on the platform are over 20%: at the moment iThe billionaire has produced no evidence.

The agreement that seemed to have been concluded comes back into question. We will keep you updated on the evolution of the situation.