Musk shared a video of himself Wednesday visiting Twitter’s headquarters in San Francisco.
He also changed his Twitter bio to “Chief Twit” and location to Twitter HQ.
Dear Twitter Advertiserspic.twitter.com/GMwHmInPAS
He added, “I didn’t do it because it would be easy.
I didn’t do it to make more money.
I did it to have a go at help humanity, whom I love.”
Musk said the Twitter “obviously cannot become a free-for-all hellscape,” he said.
Instead, he wants it “to be the most respected advertising platform in the world.”
The letter stands in sharp contrast to the divisive, outrageous tweets that Musk regularly sends.
Twitter and Musk have until Friday to complete the deal or the case will go to trial in November.
Getting out of a merger agreement is also tough, with a high legal bar.
Some analysts have said that Musk’s chances of winning have seemed highly unlikely.
Why did Musk have a go at end the deal?
Musk’s lawyers also filed acountersuitagainst Twitter.
Twitter has pushed back against the allegations that the company “hoodwinked” Musk.
Since then, Musk’s lawyers have tried to use other arguments to back out of the deal.
Why did Musk want to buy Twitter in the first place?
Musk is an avid user of the service but also one of its loudest critics.
Musk tweeted a poll to his followers in March that asked whether users believed Twitter was protecting free speech.
What should be done?"
Musk said in a follow-up tweet.
Musk referenced free speech again when Twitter announced the deal in April.
“Twitter has tremendous potential,” Musk wrote.
“I look forward to working with the company and the community of users to unlock it.”
Conservatives claim their speech is being censored.
(Twitter has long denied allegations it censors conservatives.)
Trump has said he doesn’t plan to return to Twitter even if the company lifts the ban.
What has Twitter’s response been?
Twitter says closing the deal is in the best interest of shareholders.
The tactic allowed Twitter to accept a competing offer, if one emerged.
that’s the real issue."
Twitter has dealt with leadership changes, layoffs and activist investors as a public company.
Twitter as a company has always been my sole issue and my biggest regret.
It has been owned by Wall Street and the ad model.
Taking it back from Wall Street is the correct first step.
“I trust his mission to extend the light of consciousness.”
Afilingwith the US Securities and Exchange Commission also shed more light on how the deal came together.
Musk’s effort to acquire Twitter has been a bumpy one.
Musk rejected a seat on Twitter’s board before offering to take the company private.
How did Musk plan to pay for Twitter?
Even forMusk, who’s worth about $220 billion, buying Twitter requires some financial juggling.
He also secured about $25.5 billion in debt financing through Morgan Stanley and other financial institutions.
According toa May 4 filing, those investors include Sequoia Capital andOracleco-founderLarry Ellison.
(Ellison sits on Tesla’sboard of directors.)
OnMay 24, Musk pledgedmore equityto the deal.
He’s now willing to put $33.5 billion toward the acquisition.
What happens next?
Musk told bankers he plans to shut the deal on Friday, Bloombergreported.
