Tech Planet reported on October 6 that according to media reports recently, on October 4 local time, the latest documents released by the US Securities and Exchange Commission showed that Elon Musk is advancing the acquisition of Twitter at the original price of US$54.20 per shar

2025/04/2913:15:35 finance 1845

Tech Planet October 6th news, according to media reports recently, on October 4th local time, the latest documents released by SEC show that Elon Musk is advancing the acquisition of Twitter at the original price of US$54.20 per share. The

file shows that in the letter sent to Twitter , Musk proposed to advance the transaction at $54.20 per share, and would privatize the social media company as originally planned.

Then, Tesla CEO Elon Musk confirmed that he wrote a letter to Twitter, promoting the transaction to acquire Twitter at a price of $54.20 per share. He said he planned to continue completing the transaction.

and Twitter also confirmed that it had received letters from Musk about advancing the acquisition, intending to complete the transaction with Musk at a price of $54.20 per share.

It is reported that the main reason for the decision to advance the deal may be that Musk's legal team has realized that the progress of the case is beginning to become unfavorable, even though a witness reporting Twitter recently appeared.

It is worth mentioning that, according to reports, four people familiar with the matter revealed that Musk tried to lower the acquisition price before Tesla CEO Elon Musk (Elon Musk) announced that he would continue to fulfill his $44 billion acquisition of Twitter, but was rejected by Twitter.

These people said that in the weeks before the announcement of continuing to acquire Twitter, Musk's representatives had repeatedly approached Twitter, hoping to re-enter the acquisition at a lower price. Three of the people familiar with the matter said Musk initially asked for a discount of up to 30%, which means the acquisition price will drop to about $31 billion from its previous value of about $44 billion, but Twitter rejected the proposal.

In the past week, Musk narrowed the discount to about 10%, which is to acquire Twitter for $39.6 billion. But in the end, no progress was made between the two sides.

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Tech Planet reported on October 6 that according to media reports recently, on October 4 local time, the latest documents released by the US Securities and Exchange Commission showed that Elon Musk is advancing the acquisition of Twitter at the original price of US$54.20 per shar

News said Musk wanted to buy Twitter at 30% lower price, but was rejected

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