According to a recent report based on anonymous sources, Elon Musk may be going ahead with his bid to purchase Twitter after the lengthy process of discovery. Musk first offered to buy the company back in April, but since then has called into question the company's slim reported number of Twitter bot accounts which the Tesla CEO believes is significantly lower than the actual sum.

Elon Musk first proclaimed that he would buy Twitter for $44 billion at $54.20 per share on April 14 and since then, employees at the social media company have expressed their own concerns about the corporate shuffling. Since April, Musk and his team have been debating various figures from the social media company, and when it seemed like Musk may be backing out of the deal, Twitter filed a lawsuit against him. There has been a back-and-forth dialogue between Musk and Twitter as a result of this, and Musk's legal team has apparently sent a letter to the Securities and Exchange Commission to finalize the acquisition process.

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Twitter has confirmed that it has been sent a copy of the letter that Musk's legal team has sent the SEC which states that the transaction will proceed as originally planned, at $54.20 per share. Though Twitter and Musk may both be ready to move forward with the deal now that this letter has been sent, things are now in the hands of the Delaware court that this case has gone to and the SEC. Twitter shares have risen by 13% in one day because of the expectation that Musk will be taking over the company once it's recognized by the officials, which may highlight the faith that the market has in the Tesla CEO.

Elon Musk had become Twitter's number one shareholder in early April when the billionaire first proclaimed that he would be taking over the social media company, but this deal should give him even more control in its daily operations. Musk has floated multiple ideas that he has for Twitter when he takes over, but the Tesla CEO has been criticized by multiple SpaceX employees who believe that he should be focusing on the companies that he already controls. While the SEC and Delaware courts have been alerted to Musk's plan of buying Twitter, it's currently unclear how much longer the case will continue before the corporate leadership changes.

Because Twitter shares have already increased in value just at the prospect of the deal with Elon Musk going through, the stock may see further boosts as it remains a public company. Although the market and many Twitter users may be anticipating the Musk takeover, several others have expressed their disappointment with the potential changes.

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Source: Bloomberg