After the announcement of Elon Musk closing the Twitter deal, his sister Tosca Musk gave an ounce of hope by believing that the deal is still possible. The SpaceX CEO showed interest in April by making an offer to buy Twitter for $44 billion, as he started buying Twitter’s shares in January this year, his shareholding became 9.2 percent in April, making him the largest individual stakeholder in the company.
From what the different news sources are reporting, The Tesla CEO has been avoiding talking about the Twitter deal or any topic related to that however Twitter is planning to pursue legal action to enforce the agreement.
Elon Musk’s Sister Tosca Musk Shared Her Opinions on The Recent Termination of the Twitter Deal
In an interview with the Sunday Times published on July 9, she shared her opinions on the recent termination of the Twitter deal that her brother Elon Musk has kept on hold while also adding some information on her family.
“A lot of people will say things are not going to work because they aren’t used to taking risks,” Tosca said to the outlet. “With [my family], it’s like, well, no one’s done it before. Doesn’t mean it can’t be done.”
She also showed confidence in his brothers’ words regarding the Twitter deal by sharing, “If he says he’s going to do it I would believe that he’s going to do it.”
The 51-year-old business magnate notified the SEC on Friday that he would not be going for the social media company and kept his deal with Twitter on hold.
What’s The Reason Behind The $44 billion Twitter Deal Being On Hold?
Back in April this year, Elon Musk shared an article published by Reuters that estimated that “false or spam accounts represented fewer than 5 percent of its monetizable daily active users during the first quarter” on the social media platform. After that, Musk kept the deal on hold by sharing on the social media platform, “temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 percent of users.”
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Musk then kept the deal on hold by sharing that Twitter has not provided him with necessary information on the frequency of fake or spam accounts on the social media platform until he gets the data from Twitter that would assert the fact that spam and bot accounts on Twitter make up less than 5 percent of its total users.
Source: The Sunday Times