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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 Twitter 

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 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.

Image: Elon Musk/Twitter