Two days before his court-ordered deadline to complete a $44 billion deal to buy Twitter or face prosecution, Musk released a video of himself smiling as he dragged the sink into the lobby. The Tesla CEO also changed his Twitter bio to “Chief Twit” earlier in the day. He also wrote on Twitter, “A beautiful thing about Twitter is how it empowers citizen journalism – people are able to disseminate news without an establishment bias.”A beautiful thing about Twitter is how it empowers citizen journalism – people are able to disseminate news without an establishment bias— Elon Musk (@elonmusk) October 26, 2022 Michael Saylor, the Microstrategy founder, responded to Elon Musk’s statement by saying that Twitter users must be protected in order to maintain freedom of speech. “We will have freedom of speech if the Twitter platform can protect the citizens from the establishment above and bots below.” Musk’s visit to the Twitter office, however, might be a sign that a deal will be successfully closed before the deadline. According to reports, the Tesla CEO wants to complete the transaction before October 28, the deadline established by a Delaware court.We will have freedom of speech if the @Twitter platform can protect the citizens from the establishment above and bots below.— Michael Saylor⚡️ (@saylor) October 26, 2022 In anticipation of closing the deal, Twitter reportedly locked its employee stock accounts earlier this month, according to a Bloomberg report. Employee equity award accounts on Twitter were frozen, possibly as a potential threat to Musk’s alleged takeover announcement of the social media platform.A signed agreement would put an end to the long process in which Musk initially agreed to buy Twitter for $54.20 per share, changed his mind over worries about spam bots, and then said he would proceed on the original conditions.Saudi Prince Alwaleed bin Talal and Oracle co-founder Larry Ellison are two of Musk’s co-investors, each contributing $7.1 billion to the purchase price. Banks including Morgan Stanley and Bank of America have contributed $13 billion in loan financing to the transaction in the meanwhile.Was this writing helpful?
