Published 2 years ago

Musk offers to end legal fight, pay $44B to buy Twitter

Summary by Ground News

Elon Musk is abandoning his legal battle to back out of buying Twitter by offering to go through with his original $44 billion bid for the social media platform. The mercurial Tesla CEO made the offer in a letter to Twitter, Musk disclosed in a filing Tuesday with the U.S. Securities and Exchange Commission. The filing says he’ll complete deal as long as he gets debt financing and provided that the court gets rid of the lawsuit.

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Times of India

Musk proposes to buy Twitter for original offer price of $54.20 a share

Musk made the proposal in a letter to Twitter, according to people familiar with the matter

2 years ago·India

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BBC News

Elon Musk Twitter deal back on in surprise U-turn

In a letter to Twitter, the billionaire said he would buy the business and honour his original deal.

2 years ago·United Kingdom

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The Guardian

Elon Musk to proceed with $44bn buyout of Twitter after U-turn

Tesla chief executive had been set for court showdown after attempting to scrap deal

2 years ago·London, United Kingdom

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The Hindu

Elon Musk proposes going ahead with deal to buy Twitter

Elon Musk has been trying to back out of the deal for several months after signing on to buy Twitter in April

2 years ago·India

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CTV News

Musk proposes going ahead with deal to buy Twitter: report

Trading in shares of Twitter was halted after the stock spiked on reports that Elon Musk would proceed with his US$44 billion deal to buy the company after months of legal battles.

2 years ago·Canada

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