Elon Musk set to finally buy Twitter!
Elon Musk, the twitter fanatic himself is reported that has changed course and already proposed on going through with Twitter deal at original price, Bloomberg reports
Twitter shares were halted on Tuesday after Bloomberg reported that Elon Musk plans to go through with his acquisition at $54.20 a share.
Tweet on stock reaction on the Elon’s news on TwitterÂ
Twitter Stock Remains Halted!!
Following Elon Musk Offer Report that emerged earlier today by Bloomberg
Chart by @FactSet pic.twitter.com/kqQLgKrUy7
— The_Journalbiz (@the_journalbiz) October 4, 2022
Factset real-time data on twitter stock reaction
The stock jumped 15% and then was halted for a second time.
Twitter’s deal drama appears to be winding down, and shareholders are cashing in.
Tweet on breaking news by Bloomberg
Elon Musk changes course and proposes going through with @Twitter deal at original price
Sources via @business reportshttps://t.co/R7rFhrDoex— The_Journalbiz (@the_journalbiz) October 4, 2022
Elon Musk has reversed course and is again proposing to buy Twitter for $54.20 a share, according to sources familiar with the matter.
Twitter shares jumped 15% on Tuesday after Bloomberg first reported the Tesla CEO’s plans to go forth with his deal to acquire the company. The stock was halted after the report.
Elon Musk has proposed to purchase the social-media giant for $54.20 a share in cash, that’s the same price at which Mr. Musk first agreed to buy Twitter earlier this year before moving to back out of the deal.
Twitter Stock Halted following the revelation of the agreement
The two sides were scheduled to go to trial in Delaware Chancery Court on Oct. 17.
