Elon Musk Offers To Buy Twitter For $54.20 A Share, Again

It's been six months since Elon Musk offered to buy Twitter for $54.20 a share. Last night, he did so again.

Bloomberg reported that last night, Musk submitted a proposal to buy Twitter at $54.20 a share as he'd originally promised, potentially ending the months of litigation that saw Musk seemingly desperate to back out of his $44 billion purchase of the company.

The offer comes just weeks before Twitter's lawsuit to make Musk honor his deal was set to go to trial. Twitter has yet to accept Musk's offer, as it could be seen as a negotiating tactic to halt their litigation against him.

The timing for Musk's re-offer struck many as curious. Musk had made the idea that Twitter had not been forthcoming with its percentage of spambots central to his reasoning for terminating his agreement. Some critics and Twitter itself figured this was a flimsy excuse, and the real reason Musk wanted to terminate the deal was that he had buyer's remorse over the astonishing purchase.

At the time, many felt Musk was massively overpaying for Twitter at $54.20 a share. Musk was also notably partially funding his purchase with his stock in Tesla, which just so happened to become less valuable when the Twitter deal was announced.

With no updates regarding Twitter's purported spam problem, social media was left to wonder what changed Musk's mind. One potential reason was last week's leak of Musk's private text messages regarding the deal when it went down in April. Some users wondered if there was more information that could come out in a trial, and Musk is attempting to spend big bucks to make sure it doesn't.

Whatever Musk is trying to hide that was going to come out in the Delaware court is apparently worth spending at least $43,000,000,000 to keep it hidden. #twtr https://t.co/47G8Ck6qU3

— Denis Beganovic (@Beganovic2022) October 4, 2022

Elon Musk is paying $44 billion to avoid releasing more idiotic text exchanges like this pic.twitter.com/EZoKzm38XC

— Nathan Bernard (@nathanTbernard) October 4, 2022

Elon Musk got embarrassed on Twitter yesterday by a lot of the Western world, and continuing this lawsuit would've meant releasing more private texts.

There's always a desire to over-intellectualize the decision-making of the richest guy in the world, but don't over think this.

— Ben Collins (@oneunderscore__) October 4, 2022

As Ben Collins noted above, Musk also "got embarrassed on Twitter yesterday," as he tweeted a proposal to end the Russia-Ukraine conflict that many Ukrainians did not take well.

Fuck off is my very diplomatic reply to you @elonmusk

— Andrij Melnyk (@MelnykAndrij) October 3, 2022

Some joked that Musk attracting critics with his peace plan supposedly convinced him that he needed to get the Twitter deal done as quickly as possible so he could do what he wants with the platform.

Yesterday: Elon Musk claims people disagreeing with him on Twitter about his plan to potentially cede Crimea to Russia is a "bot attack" with no evidence.

Today: Elon Musk buys Twitter at full purchase price. pic.twitter.com/VpwVWFqtLZ

— Ben Collins (@oneunderscore__) October 4, 2022

Elon Musk didn’t like that we were all laughing at him for being a gutless chickenshit so he’s going to buy twitter and shut us all up.

— Adam Parkhomenko (@AdamParkhomenko) October 4, 2022

At this point, those following the Musk Twitter deal should strap in, because there is surely much more information to come in the following days and weeks.