Tesla and SpaceX CEO Elon Musk has proposed moving forward with his attempt to purchase Twitter, after months of attempts to escape a deal first brokered in April, Bloomberg reported Tuesday.
The reported price would be at $54.20 per share, matching the initial offer made in April, for a grand total of approximately $44 billion dollars, according to Bloomberg. The announcement follows months of attempts by Musk to get out of the deal, citing a lack of transparency by Twitter, particularly regarding bots and other difficulties within the company, and comes just two weeks before an Oct. 17 trial was slated to determine the fate of the takeover attempt.
Twitter shares jumped more than 12%, around $48 per share, immediately following the news breaking on Twitter, according to Google Finance.
Twitter did not immediately respond to the Daily Caller News Foundation’s request for comment.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.
Schedule Summary: President Donald Trump will have executive time, receive a briefing, hold a few…
The United States military spent over $5 billion in munitions alone during the first two…
CNN senior data analyst Harry Enten warned on Wednesday that Democrats have increased their chances…
A Republican won a deep-blue Northern Virginia county-level seat in a major upset Tuesday after…
A preliminary military investigation found the U.S. is responsible for the deadly bombing of an…
Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for at least one of three strikes…