Musk is reportedly offering to buy Twitter again at $54.20 a share: What this means for the takeover deal

By IANS English | Published 05 Oct 2022 10:14 IST
Musk is reportedly offering to buy Twitter again at $54.20 a share: What this means for the takeover deal
Musk is reportedly offering to buy Twitter again at $54.20 a share: What this means for the takeover deal

Tesla CEO Elon Musk has reportedly proposed again to buy Twitter at $54.20 a share, the same price he originally proposed in April this year before terminating the $44 billion takeover deal.

According to Bloomberg, Musk has sent Twitter a letter offering to buy the micro-blogging platform at the originally proposed price.

The move, if true, has created confusion in the minds of millions as the Musk-Twitter legal battle is set to begin in a US court from October 17.

Twitter or Musk did not comment on the report.

Trading of Twitter shares was briefly halted, reports The Verge.

The new report came at a time when a new treasure trove of texts exchanged between Musk and Twitter executives like CEO Parag Agrawal and Jack Dorsey was leaked in the public domain.

Twitter shareholders have already voted to approve Musk's $44 billion takeover bid.

The vote came as Musk's lead team is in a court battle to get out of the deal.

Twitter confirmed that a preliminary count shows it has enough votes to approve the deal.

The approval meant that Musk and Twitter will proceed to an October trial in the Delaware Court of Chancery.

The world's richest man also texted Oracle Chairman and CTO Larry Ellison all night before he decided to terminate the $44 billion Twitter takeover deal in May, the media has reported, citing a court filing.

(Except for the headline and cover image, the rest of this IANS article is un-edited)

For more technology newsproduct reviews, sci-tech features and updates, keep reading Digit.in.

IANS English

About Me: This is an unedited, unformatted feed from the Indo-Asian News Service (IANS) wire. Read More

Tags:
Twitter Musk-Twitter deal Musk-Twitter legal battle Twitter acquisition Twitter takeover Elon Musk
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