Billionaire Elon Musk posted a humorous response late last night to Twitter’s preparations to sue and force it to complete its $44 billion takeover of the company.
Avoiding any own words, Tesla Inc. Late Sunday evening, the head of SpaceX posted a meme of himself laughing with captions telling one version of events over the past few months. It conveys the carefree attitude of the world’s richest man towards the complex and costly deal that impacted Tesla stock and went through several iterations of pre-funding.
Musk agreed to buy Twitter for $54.20 a share at the end of April, after the acquisition of a large stake pushed the share price up. Shares of Twitter traded at $36.81 on Friday, a third below the takeover price. Musk expressed growing dissatisfaction with the deal and claimed that Twitter did not disclose critical information such as the specific number of fake and automated accounts on the service.
The Twitter Board is committed to closing the deal at the price and terms agreed with Mr. Twitter. Musk and plans to sue to enforce the merger agreement,” Twitter Chairman Bret Taylor tweeted Friday.
– Elon Musk (@elonmusk) July 11, 2022