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Elon Musk has offered to proceed with the deal for the original price of $54.20.
The billionaire's surprise move came months after he tried to back out of a $44 billion deal to acquire the company.
Twitter shares initially rose 13% early Tuesday afternoon after Bloomberg reported Musk's purchase agreement is back on, and the price kept rising after a ...
Shares of Twitter rose 23 per cent to $52 at the close in New York after the tech company confirmed on Tuesday that Tesla CEO Elon Musk had sent a letter ...
Twitter shares jumped 12.7% at $47.93 before trading was halted for the second time, while Tesla Inc, the electric vehicle company that Musk heads, fell about 3 ...
Trading in Twitter shares is halted after a report stated the billionaire will now buy the business.
Mr Musk, a prolific Twitter user with more than 100 million followers, first offered to buy the firm for $54.20 per share in April. Could this be a legal strategy to delay a court case? Twitter is reportedly looking at Mr Musk's offer closely. But he added, that Mr Musk's ownership of the platform, a top venue for politicians and journalists to spread news and opinion, would still likely cause a "firestorm of worries and questions" in Washington and beyond. In the letter, attorneys for Mr Musk said he intended to move ahead to complete the transaction, pending receipt of the financing, and asked to end the legal fight. In a letter to the firm, Mr Musk agreed to pay the price he offered months ago before trying to quit the deal.
Musk had been trying for months to end his contract to acquire Twitter, signed in April.
Musk has been locked in a bitter legal battle with Twitter since announcing in July this year that he was pulling the plug on the USD 44-billion purchase of ...
Elon Musk revived his bid for Twitter Inc. at the original offer price of $54.20 a share, potentially avoiding a courtroom fight over one of the most ...
Shares of Twitter climbed as much as 23% when they resumed trading following a halt on the news. San Francisco-based Twitter said it received the letter and intends to close the deal at the original price, without commenting specifically on how it will respond to Musk. [letter](https://www.sec.gov/Archives/edgar/data/1418091/000110465922105787/tm2227435d1_ex99-s.htm) to Twitter on Monday, according to a filing with the Securities and Exchange Commission that confirmed a Bloomberg report.