Elon Musk Agrees To Proceed With Buying Twitter: REPORT

The Daily Caller

 

Elon Musk Agrees To Proceed With Buying Twitter: REPORT

John Hugh DeMastri on October 4, 2022

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.

Related News:   Supreme Court To Weigh Doctors’ Challenge To Removal Of Abortion Pill Safety Regulations

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. Read the full story at the Daily Caller News Foundation.

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.