Financial TimesFinancial Times

Elon Musk’s Twitter climbdown: ‘a big pill to swallow’

By Hannah Murphy, Sujeet Indap

05 Oct 2022 · 4 min read

Editor's Note

Elon Musk agreeing to buy Twitter again has the social media network's lawyers worried if this is yet another delaying tactic. Analysts FT spoke to, say there was no way out for Musk.

In April, Twitter accepted Elon Musk’s offer to buy it for $44bn. Nearly six months later, the impulsive billionaire has again made the same proposal.

In the time between those offers, the two parties went from toasting the prospect of a new era for the social media platform under Musk to facing off in a highly acrimonious legal fight after the Tesla chief executive attempted to back out of the agreement, accusing Twitter of lying about the number of its fake accounts.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content
Or

LoginForm.agreeToTerms