Kevin O’Leary is siding with Elon Musk in his controversial Twitter deal.
The “Shark Tank” investor told CNBC’s “Squawk Box” on Thursday that he predicts Musk’s $44 billion offer to acquire Twitter will go through — and that it’ll end up going in Musk’s favor.
“I happen to have watched [Musk] forever, and I think this guy is Teflon man,” O’Leary said. “And he can obviously multitask. I bet on him in this deal. By the time all this stuff is over, I think he’s going to have a good outcome.”
Musk, who is the richest man in the world, has a net worth of $219.1 billion as of this writing. The billionaire has been hit with a legal dispute with Twitter’s board over a proposed takeover bid since April. The lawsuit against Musk came after the CEO of Tesla attempted to ditch the deal after initially agreeing to buy the social media platform for $54.20 per share. However, Musk said this week that he wanted to avoid litigation by returning to his original deal.
Twitter refused to oblige, and a Delaware judge ruled that Musk has until October 28 to close the acquisition if he wants to avoid a trial.