It is now reported that Twitter and Elon Musk are now working hard to ensure that the takeover of Twitter by Elon Musk can be completed before the date set by the court, which is October 28, 2022.
Previously, Elon Musk had expressed a desire to take over Twitter – but later retracted that, saying Twitter had lied about its reported active user figures, as well as saying it had a high number of bot users.
Twitter denied the matter, and filed a lawsuit against Elon Musk.
A continuation of that, recently, Elon Musk suddenly stated that he wanted to complete the takeover of Twitter again.
According to reports, both parties are now in discussions to complete the purchase transaction – instead of focusing on the previous lawsuit.
It is not known whether this takeover process will go smoothly or otherwise. There are also reports that Elon Musk may lay off up to 75% of Twitter employees after taking over.
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BUSINESS & MONEY