After doing whatever he could to retract his bid to buy Twitter for $44 billion, Elon Musk has suggested continuing with his original offer of buying Twitter for $54.20 per share, reports the report. said.
Musk suggested this in a letter to Twitter, according to Bloomberg’s report. Tesla and SpaceX executives are expected to go head-to-head with Twitter in a test that begins in less than two weeks. Musk and his team have alleged that Twitter violated their agreement by lying about the bot rate on the platform. But after months of back and forth, Musk was unable to come up with conclusive evidence that Twitter shared false or misleading information with him.
Since Musk’s proposal to stick to the deal went public, Twitter shares have risen 16%, reaching about $49 per share; Now, Twitter has paused the transaction. When Musk initially made his buyback offer in April, the stock was trading at nearly $51 before falling to about $36 in July, when he said he would terminate the deal.
This story is evolving…