Musk said to go ahead with $54.20 a share Twitter deal - Bloomberg reporter


Reuters | Updated: 04-10-2022 22:11 IST | Created: 04-10-2022 21:48 IST
Musk said to go ahead with $54.20 a share Twitter deal - Bloomberg reporter
File photo. Image Credit: ANI

Billionaire Elon Musk is expected to propose going ahead with his takeover of Twitter Inc at $54.20 per share, a Bloomberg news reporter tweeted on Tuesday.

Twitter shares weere up 12.7% at $47.93 before trading was halted for the second time. Twitter and Musk's lawyers were not immediately available for a comment.

Musk and Twitter were set to enter the courtroom this month, with Twitter seeking an order directing Musk to close the deal at $54.20 per share. Musk agreed in April to buy Twitter for $44 billion, but within weeks said the number of bot accounts was much higher than Twitter's estimate of less than 5% of users.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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