“Shark Tank” investor Kevin O’Leary says he thinks Elon Musk’s Twitter deal will go through, and that it’ll benefit both the platform and Musk’s other companies.
, has been locked in a legal dispute with Twitter's board over a proposed takeover bid since April. The battle, over Musk's attempt to pull out of the deal after initially agreeing to buy the social media platform for $54.20 per share, hit a new escalation this week when Musk said he wanted to avoid litigation by returning to his original deal.to close the acquisition if he wants to avoid a trial.
O'Leary predicted that Musk will indeed assume ownership of Twitter once the dust settles, saying he thinks the Tesla CEO will improve the social media platform's user experience substantially once in charge. Currently, Twitter is falling behind, O'Leary said: Many users don't regularly post on it anymore, and with the rise of video content on other platforms, it's losing popularity.
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