After a lot of back and forth, it looks like Elon Musk’s deal to take Twitter private is BACK ON, and he’ll be one-hundred percent owner by Friday.
Elon Musk will be the owner of Twitter next week. pic.twitter.com/jTd3hLGNHp
— D. Scott @eclipsethis2003 (@eclipsethis2003) October 4, 2022
Bloomberg News reports, a courtroom fight over one of the most contentious acquisitions in recent history may be avoided after Elon Musk revived his bid for Twitter Inc. at $54.20 per share.
People familiar with the matter, who asked not to be identified discussing confidential information, said Musk made the proposal in a letter to Twitter. As a result of the news, Twitter shares climbed 18% after trading was briefly halted.
In April, Musk signed a deal to acquire Twitter. Musk has tried to back out of the deal for months. Immediately thereafter, he began showing signs of buyer’s remorse, alleging Twitter misled him about the size of its user base and the prevalence of automated accounts.
The news first spread on Twitter on Tuesday as employees sat through 2023 planning presentations, multiple sources reported. Staffers saw the news spreading on their own social network, but presenters didn’t acknowledge it. Since the deal was signed, Musk has been openly mocked and criticized on internal Slack channels by many employees.
As noted by The New York Post, a trial was set to begin on Oct. 17 over Musk’s refusal to complete the deal.
At the time, Twitter Chairman Bret Taylor said that the board would be suing Musk and that the board was “committed to closing the transaction on the price and terms agreed upon with Mr. Musk.”


Twitter’s lawyers were scheduled to depose Musk on Thursday and Friday this week, raising the possibility that the last-minute deal was made in part to avoid it.
Reactions on Twitter were swift.
Elon Musk has reportedly decided to go forward with the deal to buy Twitter. You have to wonder if the massive attack by bots on his tweets yesterday + calls for censorship led @elonmusk to conclude it was worth it to own Twitter, end the censorship and destroy bots at any price.
— Robby Starbuck (@robbystarbuck) October 4, 2022
Absolutely essential that @elonmusk make twitter transparency a priority, not just going forward but for what has been done already-
— Buck Sexton (@BuckSexton) October 4, 2022
The shadow banning and “algorithm” propaganda of old Twitter will be jaw-dropping if it ever sees the light of day
Election changing, even
Making Twitter free is the most important thing Elon Musk can do, but he also needs to reveal the extent in which Twitter worked with the Regime to censor their opponents.
— The Columbia Bugle 🇺🇸 (@ColumbiaBugle) October 4, 2022
They didn’t need a “Disinformation Governance Board” when they had a willing accomplice in Big Tech.
I’m going to be interested to see what happens to my Twitter following if @elonmusk goes ahead with this deal. I wouldn’t be surprised if it doubles to around 5 million. I also hope Musk fires the ruling cabal that has enforced Twitter’s censorship regime. “Personnel is policy.”
— Dinesh D'Souza (@DineshDSouza) October 4, 2022
@elonmusk will be responsible for the END OF DEMOCRACY may he be Imprisoned and lose every nickel he has!
— DebiGM4Janes (@debiRuddock) October 4, 2022