Twitter–Elon Musk Saga: What’s Next in the Takeover Battle?

Twitter–Elon Musk Saga: What’s Next in the Takeover Battle?
Elon Musk on a smartphone placed on printed Twitter logos in an illustration on April 28, 2022. Dado Ruvic/Reuters
Andrew Moran
Updated:
0:00

Tesla CEO Elon Musk will have until Oct. 28 to finish his $44 billion acquisition of Twitter if he wants to avoid a trial, a Delaware judge recently ruled.

Twitter shares have rallied beyond $50 on the news, as investors anticipate that the takeover is nearing completion. If so, this would offer new traders roughly an 8 percent upside since Musk proposed to purchase the social media company at $54.20 per share.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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