Elon Musk reportedly kept quiet about terminating his $44 billion deal to buy Twitter during speech at Sun Valley conference


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  • The annual Sun Valley conference for moguls in technology, finance and media is underway.

  • Elon Musk spoke on Saturday about building civilization on Mars and population decline, but did not address his deal to buy Twitter, Reuters reported.

  • A day earlier, Musk had told Twitter he was ending his $44 billion deal to take over the company.

Elon Musk spoke at the ultra-exclusive Sun Valley conference this weekend on a range of topics, but his Twitter deal was not one of them.

During an interview with Sam Altman — CEO of artificial intelligence company OpenAI, which Musk co-founded — the Tesla CEO notably avoided the subject of his $44 billion deal to take over the social media company, Reuters reportedquoting two people present.

Musk devoted most of his remarks to the topics of building a society on Mars and his belief in the need to increase birth rates on Earth, a source told Reuters.

Both are familiar topics for Musk. He recently tweeted, “Doing my best to help the underpopulation crisis,” after Insider reported that he fathered previously unknown twins in November with Shivon Zilis, a top executive at Neuralink, one of his companies. He also added that he is “plans to significantly increase childcare allowances at my companies.”

On Friday, a day before his Sun Valley interview, Musk’s lawyers informed the US Securities Exchange Commission that he wants out of its $44 billion deal to buy Twitter. The social media giant said in a statement that it plans to sue Musk to force him to buy the company.

Speculation over whether Musk would discuss the Twitter deal had swirled even before Friday in the days leading up to the annual conference, which brings together senior tech, media and finance executives at Sun Valley. , Idaho, for a few days of dating and okay. -manufacturing.

Read the original article at Business Intern

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