Elon Musk returns to buy Twitter for $54.20 per share, InfoQuest

Twitter has filed a report with the US Securities and Exchange Commission (SEC) on Tuesday (October 4) that Tesla CEO Elon Musk said. has decided to make another offer to acquire Twitter at a price of $54.20 per share.

In an SEC filing, Musk sent a letter to Twitter on Monday stating that Tesla intends to pursue the acquisition of Twitter.As previously agreed on April 25 and has been announced to the public about the deal.

CNBC reported, citing sources as saying. An official Twitter acquisition deal could happen on Friday (October 7).

in the beginning The New York Stock Exchange suspends trading on Twitter. After the Bloomberg News Agency reported that Mr. Musk intends to proceed with a deal to buy Twitter for $ 54.20 per share, but shortly thereafter. The New York Stock Exchange has reapproved the trading of Twitter shares. Twitter shares closed up 22.24 percent on Tuesday (October 4).

Musk previously canceled a $44 billion acquisition of Twitter in July. by claiming that Twitter has breached the terms of the agreement as they cannot provide information about fake accounts.

However, Twitter has filed a lawsuit against Musk to force him to return to a deal. Both sides are expected to appear in court on October 17.

By InfoQuest News Agency (05 Oct 65)

Tags: Twitter , Twitter , Elon Musk

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