Elon Musk makes another U-turn, agrees to acquire Twitter at the agreed price before the trial takes place

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Ngày cập nhật gần nhất: 1/5/2026

Recalling the recent events, on April 25th, Elon Musk made an offer of $54.20 per share, totaling $43 billion to take the social media platform traded on the U.S. stock market private. However, due to disagreements regarding the issue of bot and fake account ratios on Twitter, Musk attempted to back out of the deal five times, resulting in Twitter's leadership filing a lawsuit against the billionaire in Delaware state court.

The latest update from Bloomberg reveals that Elon Musk has sent a letter to Twitter's leadership, reaffirming his acceptance to purchase the entire social media platform at the initially agreed-upon value. This information comes just under two weeks after the court scheduled a preliminary hearing to determine the validity of Musk's reasons for pulling out of the deal. The court will assess whether Musk is obligated to uphold the promises made back in April. The trial is set to take place on October 17th and is expected to last for five days.

According to The Wall Street Journal, Musk's lawyers reached out to Twitter's legal team on Monday night, sending a letter to the Delaware Supreme Court. If Twitter accepts the proposal, both parties will avoid an unjury trial in the next 5 days. However, there's no guarantee of mutual agreement between Twitter and Musk, leaving the trial still a possibility.

Elon Musk's letter to Twitter's leadership has been made public and is attached in the U.S. Securities and Exchange Commission records. The letter, as mentioned earlier, asserts Musk's desire to finalize the deal “on the condition that the Delaware Supreme Court promptly postpones the trial and all related legal proceedings.”

In the eyes of many analysts, this could be a strategic move by Musk to delay or avoid a court appearance, simply because the evidence in the hands of the legal team representing the richest person on the planet is considered fragile. Musk's primary concern is to evade a court ruling demanding him to uphold the promise of purchasing Twitter for $43 billion. The aforementioned letter might serve as a way to reassure Twitter's leadership before Musk devises new strategies in the future.

As of the current moment, a few hours after Musk's legal team sent a letter to Twitter's leadership, the social media platform has yet to make any official moves. The Washington Post reports: “Twitter is considering whether to accept this proposal or not, but will not make an official decision for at least a day, according to an anonymous source. Due to the lack of trust between both parties, Twitter is also wondering if this letter is just a maneuver to avoid legal consequences in court.”

The Washington Post adds, “the court held an emergency hearing on Tuesday after learning about Musk's letter to Twitter's leadership. Musk still wants the court to dismiss the lawsuit and trial, but Twitter wants to ensure the deal proceeds under the court's supervision, simply because they no longer trust Musk.”

According to ArsTechnica

Frequently Asked Questions

What was Elon Musk's initial offer to purchase Twitter and what were the conditions?

Elon Musk initially offered $54.20 per share, totaling $43 billion, to take Twitter private. However, his acceptance of the deal depended on resolving disagreements regarding bot and fake account ratios on the platform.

Why did Elon Musk attempt to back out of the Twitter deal multiple times?

Elon Musk attempted to back out of the deal five times due to concerns about the bot and fake account ratios on Twitter, leading to legal action from Twitter's leadership against him in Delaware state court.

What are the potential outcomes of the upcoming trial regarding Musk's purchase of Twitter?

The upcoming trial, set for October 17th, will determine whether Musk must uphold his agreement to purchase Twitter. If the court finds in favor of Twitter, Musk may be compelled to complete the deal, or he could face legal repercussions.

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