Volatile billionaire Elon Musk may finally be ready to close this giant Twitter deal – at least for today.
Musk filed a letter in court on Monday to restart the deal on the originally agreed terms, according to a report by Bloomberg. The news comes days before Musk is ousted in a case that sought to dismiss the deal – and just days after some of the Musk’s private texts (opens in new tab)among associates, friends and former Twitter CEO Jack Dorsey were launched into the discovery. The newly released messages shed light on how Musk views Twitter, its new features (like Twitter Blue, which he hates), and the deal itself.
So far, Musk has argued that Twitter is lying (opens in new tab) about the number of bots on your service, underestimating them by orders of magnitude. After demanding more transparency, Musk tried to end the deal. Twitter wouldn’t let him, and that’s how they ended up in court.
News of the possible return of the deal sent Twitter’s stock soaring until negotiations halted midday.
In the hours leading up to this news, Musk was busy tweeting about Russia and Ukraine (opens in new tab)fighting on Twitter with chess master and activist Gary Kasparov and the president of Ukraine Volodymyr Zelenskyy (opens in new tab). He has yet to publicly comment on the report.
So far, there were no new filings by Musk or Twitter with the SEC (Securities Exchange Commission) regarding the deal.
By the way, we asked Musk in a tweet if the deal is back and got no response.
Musk has been relatively quiet about the Twitter deal and bots in recent weeks, though he has attributed recent Twitter search results, which don’t seem to have turned out the way he predicted, to twitter bots (opens in new tab).
Its recent activities have revolved around using its Starlink Satellite communication services to help Ukraine and, more recently, Hurricane Ian Damaged Florida (opens in new tab).
The thing is, Musk has been busy and has started to wonder if he’s still interested in owning Twitter.
Twitter, meanwhile, likely needs some sort of exit, which means a new owner and the huge infusion of cash that can come with it. To be clear, the platform hasn’t slowed down on any of its most recent projects. Earlier this week. Twitter announced that Twitter Blue subscribers would have access to its new and limited tweet editing features.
This story is unfolding…