Tesla CEO Elon Musk has reportedly proposed once more to purchase Twitter at $54.20 a share, the identical value he initially proposed in April this 12 months earlier than terminating the $44 billion takeover deal.
In keeping with Bloomberg, Musk has despatched Twitter a letter providing to purchase the micro-blogging platform on the initially proposed value.
The transfer, if true, has created confusion within the minds of thousands and thousands because the Musk-Twitter authorized battle is about to start in a US courtroom from October 17.
Twitter or Musk didn’t touch upon the report.
Buying and selling of Twitter shares was briefly halted, stories The Verge.
The brand new report got here at a time when a brand new treasure trove of texts exchanged between Musk and Twitter executives like CEO Parag Agrawal and Jack Dorsey was leaked within the public area.
Twitter shareholders have already voted to approve Musk’s $44 billion takeover bid.
The vote got here as Musk’s lead crew is in a courtroom battle to get out of the deal.
Twitter confirmed {that a} preliminary rely reveals it has sufficient votes to approve the deal.
The approval meant that Musk and Twitter will proceed to an October trial within the Delaware Courtroom of Chancery.
The world’s richest man additionally texted Oracle Chairman and CTO Larry Ellison all night time earlier than he determined to terminate the $44 billion Twitter takeover deal in Could, the media has reported, citing a courtroom submitting.
(Apart from the headline and canopy picture, the remainder of this IANS article is un-edited)
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