Claim $500Elon Musk Twitter Takeover Finally A Done Deal With SEC Filing, What Next?
The Elon Musk Twitter Takeover could finally come to an end soon with the latest SEC filing over the purchase. Musk’s team mentioned that it intends to proceed to closing of the transaction contemplated by the merger agreement for Twitter. In a latest development, Twitter representatives expressed intention to close the deal. A Twitter spokesperson said the company intends to close the transaction at $54.20 per share.
The Original Offer
Earlier on Tuesday, reports suggested that Elon Musk had sent a proposal for purchasing Twitter at the original offer price. It was reported that Musk proposed to buy Twitter for the original offer price of $54.20 per share. In this regard, Musk made the proposal in a letter to Twitter. The filing also mentioned that there is a stay in the Twitter Vs Musk court case. The intent to purchase stands provided that court enter an immediate stay of the action and adjourn the trial and all other proceedings, it added. The SEC filing on Twitter takeover said,
“On October 3, 2022, the reporting person’s advisors sent a letter to Twitter notifying Twitter that the reporting person intends to proceed to closing of the transaction contemplated by the merger agreement.”
Twitter Share Skyrockets
Thanks to the news of Elon Musk SEC filing, the Twitter share price skyrocketed on Tuesday. The share price spiked after news of Musk’s proposal to go with the original offer price. After the news of the SEC filing came, the Twitter stock price reached a daily jump of 21.58% in the day. Earlier, the Dogecoin (DOGE) community got excited with the news of Musk’s interest in closing the Twitter deal.
The token is currently up nearly 8% in the last 24 hours. As of writing, the memecoin price stands at $0.06476, according to price tracking platform CoinMarketCap. There was also speculation of DOGE becoming the official native currency of Twitter after Elon Musk takeover.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Aave DAO Saga Deepens as Alignment Proposal Moves to Snapshot; AAVE Price Down 7%
- Fed’s Stephen Miran Urges More Rate Cuts In 2026 To Avoid U.S. Recession
- Breaking: $4T JPMorgan Explores Crypto Trading for Institutional Clients as U.S. Banks Embrace Crypto
- Bitcoin and Ethereum ETPs See $1B in Outflows as Institutions Rotate into XRP
- Michael Saylor’s Strategy Pauses Bitcoin Buying as Crypto Market Anticipates a ‘Santa Rally’
- Bitcoin Price Prediction As Michael Saylor Pauses BTC Purchase- Is A Fall to $74k Imminent?
- Aster launched Phase 5 Buyback Program Allocating 80% Fees. Will ASTER Price Rally?
- XRP Price Prediction: Rare Bullish Patterns Align With Powerful Catalysts
- Weekly Crypto Price Prediction: Bitcoin, Ethereum, and XRP as Market Momentum Builds
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
