Twitter shares halted after report Elon Musk deal to go ahead
Billionaire Elon Musk has apparently changed his mind about buying Twitter, again, and is now willing to proceed with his takeover of the social media platform.
Mr Musk, a prolific Twitter user with more than 100 million followers, first offered to buy the firm for $54.20 per share in April. The agreement valued the social media platform at roughly $44bn. Twitter denied the accusations, arguing that Mr Musk - the world's richest person with a net worth of more than $220bn - wanted out because he was worried about the price.
In one such exchange, Mr Musk responded to Twitter boss Parag Agrawal with an emoji for fecal matter. Some industry watchers, who were taken by surprise by the development, questioned whether the latest twist was a concrete offer or a delay tactic.In doing so he has argued that Twitter is full of bots.
And as for Twitter's CEO Parag Agrawal? Well, emails disclosed last week suggests he doesn't get along well with Musk.At Twitter, which has been thrown into turmoil since Mr Musk first turned his attention to the firm, staff told the BBC that their bosses had so far remained silent on the matter, even as the report spread widely.
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