Elon Musk says he’s ‘excited’ about buying Twitter, but ‘obviously overpaying’

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Published: October 20, 2022, 10:47 AM

Elon Musk says he’s ‘excited’ about buying Twitter, but ‘obviously overpaying’

Elon Musk said on Wednesday that he is "excited" about taking control of Twitter, after having spent months trying to break the $44 billion takeover agreement.

Early this month, a US judge put an end to the ongoing legal battle over Musk's proposed acquisition of Twitter and gave the parties until October 28 to complete the on-again, off-again megadeal.

Musk said that he believes Twitter has potential to be worth "an order of magnitude" more than it is now.

 

The unpredictable billionaire reversed course as the trial on Twitter's breach-of-contract claim against his approach, resuming his takeover strategy on the condition the court has dismissed the claim.

Activists are concerned about Musk's prospective leadership of the influential social media platform because they believe it could lead to an increase in abusive and misleading messages.

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