The deal is back – Elon Musk intends to buy Twitter and avoid a lawsuit

what you need to know

  • Elon Musk and Twitter have been at odds over the proposed deal for the billionaire to buy the social media platform.
  • The two parties were set to go to court over the deal, which Elon Musk was determined to step down from.
  • Musk’s legal team has now issued a letter saying he intends to go ahead with the deal.

In a sudden turn of events, Elon Musk apparently wants to go through with the plan to buy Twitter. The billionaire’s legal team issued a letter to Twitter on Monday (via Bloomberg) saying he will go ahead with the deal.

“We are writing to inform you that the Musk parties intend to proceed with the closing of the transaction contemplated by the merger agreement dated April 25, 2022,” the letter reads, noting that Musk and his party intend , at the original offer price of $54.20 per share, or $44 billion. The deal is back – Elon Musk intends to buy Twitter and avoid a lawsuit

Chris Barrese

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