Done Deal? Bloomberg News Reports Elon Musk to Proceed with $44 Billion Twitter Buy

October 4th, 2022 12:49 PM

The world’s richest man just shattered the internet again by reportedly agreeing to proceed with his $44 billion acquisition deal for Twitter.

Bloomberg News reported that Tesla CEO Elon Musk is now “proposing to buy Twitter Inc. for the original offer price of $54.20 a share.”

The outlet continued: “Musk made the proposal in a letter to Twitter, according to the people who asked not to be identified discussing confidential information.” Twitter shares reportedly “climbed as much as 18% on the news, after trading was briefly halted.”

MRC President Brent Bozell responded to the news on Twitter: “I can see why Elon Musk would turn his back on the lying leftists at Twitter, but for the sake of free speech I hope this deal still happens.”

This new development in the Musk-Twitter saga follows a protracted back-and-forth legal battle between the leftist Big Tech platform and Musk over Twitter’s transparency on the amount of bot accounts active on its platform. The whole ordeal caused Musk to initially move to nix the acquisition.

Former Twitter head of security and whistleblower Peiter “Mudge” Zatko  even accused Twitter of outright “lying” to Musk in a complaint sent to Congress and other federal agencies. The Washington Post summarized that Zatko warned of “‘extreme, egregious deficiencies’ in [Twitter’s] defenses against hackers, as well as its meager efforts to fight spam.”

Watch below as CNBC reported on Musk agreeing to proceed with Twitter purchase



Musk slammed the platform on March 26 for its censorship-heavy environment: “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy.”

Time will tell if this means the Twitterverse will finally be the “the free speech wing of the free speech party” that it falsely propped itself up as being for years.

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