Elon Musk gave a rare interview on Tuesday 11 April evening, speaking to BBC reporter James Clayton on Twitter Spaces, in which he Admitted He Only Bought Twitter Because He Thought He’d Be Forced To Do It. Yes, that’s what she said.
According to a report published on the website of Tech CrunchClayton pressed Musk on whether his purchase of Twitter was, in the end, something he did voluntarily, or if it was something he did because of the court case active at the time that Twitter was trying to force him to go through with the transaction.
The answer, which we all probably suspected at some point, was that the fellow CEO of Tesla and SpaceX only made the deal because he believed that, legally, he would be forced to do it anyway.
The transcript of the Twitter Spaces audio interview:
Clayton: So you changed your mind again and decided to buy it, did you? You did that?
– Musk: Well, I had to.
Clayton: Right. Did you do that because you thought a court would make you do it?
– Musk: Yeah.
Clayton: Right.
– Musk: Yes, that is the reason.
Clayton: So you were still trying to get out of it. And then the lawyers advised you: “Look, are you going to buy this?”
Musk: Yes.
Twitter took Elon Musk to court to force him to honor his signed obligation to acquire the company for the agreed price of $44 billion or $54.20 per share.. The mogul argued that his obligation was void because Twitter, he claimed, had inflated its actual user numbers and underestimated the number of bots on the platform.
Musk then notified regulators that he intended to buy the company after all at the price he originally set with the company, a move most agreed to at the time because his legal case was weak and the trial was clearly not coming off. as he wanted.