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Twitter rebounds 12% in the stock market due to the possibility that Musk will go ahead with his purchase

MADRID, 4 Oct.

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Twitter rebounds 12% in the stock market due to the possibility that Musk will go ahead with his purchase

MADRID, 4 Oct. (EUROPA PRESS) -

Twitter shares have rebounded about 12% on the stock market this Tuesday after information that assures that businessman Elon Musk could agree to take over the company under the terms initially agreed.

The founder and owner of SpaceX and Tesla has sent a letter to the board of directors of Twitter agreeing to buy the company at a price of 54.2 dollars per share, which would mean an outlay of almost 44,000 million dollars (similar figure in euros).

Musk had tried in recent months to end the acquisition deal, arguing that Twitter had not been transparent about information about fake accounts. In July, although the offer was still valid, the price of the share fell to around 32.7 dollars.

Twitter and Elon Musk were scheduled to meet in court on October 17. The billionaire hoped that the judge would exempt him from formalizing the acquisition to which he had committed.

The shares of the social network have reached 49.99 dollars, 17.5% more than at the close of Monday. However, after reaching that maximum it has fallen slightly to 47.93 dollars (12.67%).

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