Voluble billionaire Elon Musk may be finally ready to close that giant Twitter deal – at least for today.
Musk filed a letter in court on Monday to restart the deal at the originally agreed upon terms, according to a Bloomberg report. The news comes days before Musk was due to be deposed in a case seeking to throw out the deal — and just days after some of Musk’s private texts (opens in new tab)between associates, friends, and former Twitter CEO Jack Dorsey were released in 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.
Up to this moment, Musk has argued that Twitter is lying (opens in new tab) about the number of bots on its service, underestimating them by orders of magnitude. After demanding more transparency, Musk sought to terminate the deal. Twitter wouldn’t let him, which is how they ended up in court.
News of the deal possibly being back on has sent Twitter’s stock soaring until trading was halted mid-day.
In the hours leading up to this news, Musk was busy tweeting about Russia and Ukraine (opens in new tab), sparring on Twitter with both chess master and activist Gary Kasparov and Ukraine President Volodymyr Zelenskyy (opens in new tab). He has yet to comment publicly on the report.
As of this writing, there were no new filings from Musk or Twitter with the SEC (Securities Exchange Commission) regarding the deal.
We did, by the way, ask Musk in a Tweet if the deal is back on and got no response.
Musk has been relatively quiet about the Twitter deal and bots in recent weeks, though he did attribute recent Twitter Polls results, which did not appear to go the way he predicted, to Twitter’s bots (opens in new tab).
His recent activities have revolved around using his Starlink Satellite communication services to help Ukraine and, more recently, Hurricane Ian-damaged Florida (opens in new tab).
Just last week, Musk unveiled his latest Optimus humanoid robot to decidedly mixed reviews (opens in new tab).
Point is, Musk has been busy and one began to wonder if he’s even still interested in owning Twitter.
Twitter for its part likely needs some kind of exit, meaning a new owner and the massive cash infusion that might come with it. To be clear, the platform has not slowed down on any of its latest projects. Earlier this week. Twitter announced that Twitter Blue subscribers would gain access to its new, and limited, tweet edit features.
This story is developing…