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Musk says he wants Twitter again and will pay $44B price

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Elon Musk wants Twitter again — and Twitter is game.

The billionaire Tesla CEO has proposed buying the company at the originally agreed-on price of $44 billion. That brings the tumultuous, months-long saga another step closer to a conclusion. Musk made the surprising turnaround in a letter to Twitter that the company disclosed in a filing with the U.S. Securities and Exchange Commission. It came less than two weeks before a trial between the two parties over Musk’s attempt to back out of the deal is scheduled to start in Delaware.

Musk also faced a scheduled deposition by Twitter attorneys starting Thursday.

 

Source: AP – All contents copyright 2022 Associated Press.  All rights reserved.

 

Written by: Editor

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