March 30, 2023

Urban Tech Story | Musk Says Twitter Acquisition Is Too High

Elon Musk said Wednesday he’s excited to buy TwitterAlthough the bid is a bit too high. Musk talked about the $44 billion acquisition on Tesla’s earnings call. He thinks Twitter will be an order of magnitude higher than its current value in the long run. Musk agreed to buy Twitter in April this year, but quickly backtracked. After Twitter sued, he said he would continue the acquisition again this month. He is still raising the funds needed for the acquisition. Analysts believe he needs to sell the $3 billion. Tesla stock. The judge gave him until October 28 to complete the deal. Musk also said on the conference call that he believes Tesla will be worth more than Apple and Saudi Aramco. Both companies have market capitalizations in excess of $2 trillion.

Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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