Billionaire Elon Musk has once again reversed course in the ongoing Twitter acquisition saga, today sending a letter to Twitter proposing a purchase at the original price, reports Bloomberg.
Musk originally offered to buy Twitter for $44 billion in April ($54.20 per share), a deal that Twitter ultimately accepted. Musk in May put the takeover “temporarily on hold” because of a dispute over the number of fake or spam accounts that Twitter claimed to have. Twitter said that fake accounts represented less than five percent of users, but Musk was not convinced.
In July, Musk decided he no longer wanted to buy Twitter and attempted to call off the purchase, claiming that Twitter did not comply with its contractual obligations and that he was not provided with the relevant business information that he requested.
Twitter in turn filed a lawsuit to force Musk to go on with the sale, accusing him of trashing the company, disrupting its operations, and destroying stockholder value. Musk’s decision to offer to continue on with the purchase comes ahead of a trial that was set to begin on October 17. With Musk once again on board, it is probable that the acquisition will go through, provided he does not change his mind again.
Popular Stories
Gurman: Apple Event This October Remains Unlikely, No Touch ID for iPhone 15
Apple is developing new iPad Pro, Mac, and Apple TV models, and at least some of these products will be released in October, according to Bloomberg’s Mark Gurman. However, Gurman continues to believe that Apple is unlikely to hold an event this month. In the latest edition of his Power On newsletter, Gurman said “the big iPhone 14 unveiling last month was probably it for Apple in 2022 in…
Apple Responds to Video Testing Crash Detection Feature With Junkyard Vehicles
The Wall Street Journal’s Joanna Stern recently traveled to Michigan to test Apple’s new crash detection feature on the iPhone 14 and Apple Watch Ultra. In response, Apple provided some additional information about how the feature works. Stern recruited Michael Barabe to crash his demolition derby car with a heavy-duty steel frame into two unoccupied vehicles parked in a junkyard — a 2003…
Apple SIM No Longer Available for Activating New Cellular Data Plans on iPads
As of October 1, Apple SIM is no longer available for activating new cellular data plans on supported iPad models, according to an Apple support document. Introduced in 2014, the Apple SIM was designed to allow iPad users to activate cellular data plans from multiple carriers around the world. Initially, the Apple SIM was a physical nano-SIM card, but it was embedded inside later iPad Pro…
Camera Comparison: iPhone 14 Pro Max vs. iPhone 13 Pro Max
The iPhone 14 Pro and Pro Max introduce some major improvements in camera technology, adding a 48-megapixel lens and low-light improvements across all lenses with the new Photonic Engine. We’ve spent the last week working on an in-depth comparison that pits the new iPhone 14 Pro Max against the prior-generation iPhone 13 Pro Max to see just how much better the iPhone 14 Pro Max can be. Subscrib …
Five Wallpaper Apps to Check Out for iOS 16’s New Lock Screen Depth Effect
One of the biggest new features in iOS 16 is a completely redesigned iPhone Lock Screen. The new Lock Screen is entirely customizable, letting you change the colors and fonts, add widgets and new wallpapers, and more to make your iPhone uniquely yours. Of course, even before iOS 16, you could customize your Lock Screen with a wallpaper of your choice. iOS 16 takes the Lock Screen wallpaper…
Top Stories: Stage Manager Expands to Older iPad Pro Models, No October Apple Event?
While we had been expecting a follow-up October Apple event focused on Mac and iPad announcements, it sounds like we might not be getting another event after all. Instead, the pending updates in those product segments could be considered minor enough that they may be announced via press releases. It wasn’t all bad news, however, with Apple announcing that it will be expanding an on-device…
Apple Preparing iOS 16.0.3 With More Bug Fixes Following iPhone 14 Launch
iOS 16.0.2 was released last month with several bug fixes for iPhone 14 issues, excessive copy and paste permission prompts, and more. Now, evidence suggests that Apple is planning to release iOS 16.0.3 with additional bug fixes. Evidence of an upcoming iOS 16.0.3 software update has shown up in MacRumors analytics logs, which have been a reliable indicator in the past. There are several…
Apple Executives Talk About iPhone 14 Pro’s Dynamic Island in New Interview
In a new interview, Apple’s senior vice president of software engineering, Craig Federighi, and Apple’s vice president of human interface design, Alan Dye, sat down to discuss the thinking behind the iPhone 14 Pro’s Dynamic Island and how it was developed. During the interview with the Japanese magazine Axis, Federighi, who oversees the development of iOS, said Dynamic Island represents the…