5 October 2022 | Other

Elon Musk is ready to buy Twitter

American entrepreneur Elon Musk has expressed his willingness to continue negotiations on his offer to buy Twitter Inc for $44 billion, thus taking the company private.

The Tesla Inc CEO will lead the company, which he originally intended to buy in April. Musk tweeted Tuesday night that buying Twitter would accelerate his ambition to create an "app for everything" called X.

In June, he had already spoken to Twitter employees about creating a "super app" as a platform for various apps and features. An example of such an app is WeChat, which is popular in China. The entrepreneur also wants to add money-transfer capabilities to the "super app.

Since Twitter has already received shareholder support for the sale to Musk, the deal could be closed quickly in the coming weeks if both sides agree to the initial terms.

Company MarketCheese
Period: 25.07.2025 Expectation: 440 pips
AUDCAD gains on technical bounce and improved sentiment in commodity markets
Yesterday at 10:05 AM 28
Period: 25.07.2025 Expectation: 1700 pips
GBPUSD struggles to regain momentum as uptrend breaks
Yesterday at 09:14 AM 26
Period: 25.07.2025 Expectation: 222 pips
Buying natural gas with target at 3.780 amid record heatwaves in US and Asia
17 July 2025 62
Period: 25.07.2025 Expectation: 15000 pips
ETHUSD rally accelerates as US moves forward with crypto legislation
17 July 2025 65
Period: 23.07.2025 Expectation: 600 pips
USDCAD gains strength amid dollar rally and falling oil prices
16 July 2025 86
Period: 25.07.2025 Expectation: 1000 pips
Nvidia's return to China pushes shares toward 180 level
16 July 2025 78
Go to forecasts