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Reports: Musk makes U-turn before trial, tells Twitter he’ll complete merger
news.movim.eu / ArsTechnica · Tuesday, 4 October, 2022 - 16:48
Elon Musk has told Twitter he is once again willing to buy the company at the originally agreed-upon price, according to a Bloomberg News report.
"Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share... Musk made the proposal in a letter to Twitter, according to people familiar with the matter, who asked not to be identified discussing confidential information," Bloomberg wrote .
The Wall Street Journal subsequently reported that Musk's "lawyers communicated the proposal to Twitter's lawyers overnight Monday and filed a letter confidentially with the Delaware Chancery Court ahead of an emergency hearing on the matter scheduled for Tuesday."