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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 wearing a tuxedo as he arrives at the 2022 Met Gala.

    Enlarge / Elon Musk arrives for the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022, in New York. (credit: Getty Images | Angela Weiss)

    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."

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