Billionaire Tesla CEO Elon Musk to Buy Twitter Again

Elon Musk has once more offered to repurchase Twitter at the previously agreed upon price of $54.20 per share.

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After this news, shares of Tesla increased as investors expected strong December quarter deliveries to support the gains.

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Twitter soared 22% after Elon Musk filed his letter to complete the acquisition deal at its original price.

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This news that Musk is offering to continue the $44 billion takeover was first published by Bloomberg.

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Elon Musk attempted to back out of the agreement to purchase Twitter for $54.20 per share, or nearly $44 billion, earlier in April of this year.

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Following this, Twitter sued Musk to uphold the agreement. In two weeks, the legal battle's trial is set to begin.

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Perhaps this offer will put an end to the protracted legal battle over

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Now it's up to the Twitter to decide whether to accept Musk's revised offer or push the billionaire into court to finalise the purchase.

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As per the sources, Musk's legal team makes it plain in the letter that the offer is only valid if Twitter dismisses its case.

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A Twitter spokeswoman provided few hints in a statement regarding the company's future course.

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