Elon Musk Will Commit $33.5 Billion to Twitter Buyout - Aliens: AI Crypto News & Markets Updates
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Elon Musk Will Commit $33.5 Billion to Twitter Buyout

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Crypto Briefing

Wed, May 25, 2022

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Elon Musk will personally commit $33.5 billion to his Twitter buyout bid, according to a recent SEC filing.

Tesla CEO Elon Musk will personally commit $33.5 billion to his $44 billion Twitter takeover, according to new information.

An SEC filing dated May 24 suggests that Musk will increase his commitment in his Twitter takeover bid to $33.5 billion.

Twitter attempted to block Musk’s buyout with a “poison pill” deal in mid-April, but by Apr. 25, Musk reached a $44 billion agreement with Twitter that included a personal commitment of $12.5 billion.

The deal itself is now on hold, as Musk says that will he not go forward with the buyout until it is proven that less than 5% of Twitter’s users are spambots or fake users.

Still, today’s news indicates that Musk is still interested in buying out Twitter.

Both Musk and Dorsey have become highly involved with cryptocurrency, and Twitter’s leadership will likely affect its crypto policies.

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