Elon Musk will hold the offer to buy the company for $ 44 billion, agreed last month, two statements said on Tuesday.
In filing the Securities and Exchange Commission, the company is “committed to completing the transaction at the agreed price and terms as soon as possible”.
Twitter’s board told Bloomberg in a separate statement, “We want to close the transaction and implement the consolidation agreement.”
When contacted via email on Wednesday, Twitter cited its press release and SEC statement. It did not comment further.
The company responded to Musk’s announcement yesterday that the deal could not go ahead until Twitter (Ticker: TWTR) provided proof of how many accounts used in daily activities were spam or bots. Mask was also quoted by Bloomberg as saying he was open to considering the deal at a lower price.
Tensions have risen between Mask and the company this week. On Monday, Musk said the deal was suspended until more information was provided about the fake Twitter account. CEO Parag Agarwal has published a detailed thread on how Twitter Bot account estimates are calculated. Musk reacts with a stool emoji.
Mask agrees to buy Twitter on April 25 for $ 54.20-a-share. Since then, technology stocks have declined as the Federal Reserve signals a series of interest rate hikes. Following the company’s interest in Mask, Twitter shares are also trading at $ 38.32 a year, 30% less than the offer price.
Write to [email protected]