Sacks predicted that “it’s not going to happen”—that Twitter’s board would not ultimately accept Elon Musk’s initial $54.20 per share offer as structured in April 2022, and that the economically correct outcome of taking Musk’s best bid after a process would not occur.

In reality, Twitter’s board did accept Musk’s offer at $54.20 per share in cash. On April 25, 2022, Twitter announced it had entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk for $54.20 per share in cash, valuing the deal at about $44 billion. (cnbc.com) This was the same headline price and all‑cash structure as his April 14, 2022 bid. (cnbc.com) The board also publicly described its process as a “thoughtful and comprehensive process” focused on value, certainty, and financing, and recommended the transaction to shareholders. (cnbc.com)

Because the board ultimately accepted Musk’s $54.20‑per‑share cash offer after running a process and recommended that shareholders take it, the core assertion that this outcome "is not going to happen" was falsified.