For real: Twitter says Elon Musk back to buy social media giant

Tesla owner wrote to microblogging platform promising to go through with deal
Oct 05, 2022

Twitter told regulators on Tuesday that Elon Musk sent a letter saying he will go through the with deal he inked early this year to buy the tech firm for $44 billion.

“The intention of the company is to close the transaction at $54.20 per share,” Twitter said in a tweet confirming the billionaire entrepreneur is apparently abandoning his legal battle to terminate the deal.

Conditions noted in the letter included that the court immediately halt all action in the lawsuit, with Musk poised to be deposed under oath later this week.

Twitter

Elon Musk

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