Elon Musk Said To Go Ahead With $54.20 A Share Twitter Deal

By Stermy 1 Min Read
Twitter Sues Elon Musk to Force Him to Complete $44B Acquisition

A Bloomberg news reporter tweeted on Tuesday that billionaire Elon Musk is anticipated to propose moving through with his acquisition of Twitter Inc. at $54.20 a share.

The price of Twitter shares was up 12.7% at $47.93 when trading was again suspended.


Musk’s attorneys and Twitter were unavailable for comment right away.

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This month, Musk and Twitter were scheduled to appear in court. Twitter was asking the judge to require Musk to consummate the transaction at $54.20 per share.

Musk agreed in April to buy Twitter for $44 billion, but within weeks said the number of bot accounts was much higher than Twitter’s estimate of less than 5% of users.

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By Stermy
Stermy is one Crazy fan of the word "Internet". Always online to stay informed and keep others updated. #townflex