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Elon Musk proposes to follow through on Twitter deal, reports say

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Elon Musk proposes to follow through on Twitter deal, reports say - TechCrunch

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After doing whatever he could to back out of his bid to buy Twitter for $44 billion, Elon Musk proposed to move forward with his initial offer of buying Twitter at $54.20 per share, reports say.

Musk proposed this in a letter sent to Twitter, according to Bloomberg’s report.

When Musk initially made his acquisition offer in April, the stock traded at nearly $51 before dropping to about $36 in July, when he said he would terminate the deal.


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Article Details

Author / Journalist: Amanda Silberling

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-04 @ 16:31:19 (2 months ago)

News Timezone: GMT -5:00

Ranking: #2339 (out of 3281 stories this day)

News Source URL: techcrunch.com

Language: English

Article Length: 177 words

Reading Time: 1 minutes read

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 723554

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