Trading in shares of Twitter was halted after the stock spiked on reports that Elon Musk would proceed with his $44 billion deal to buy the company.
Musk offered to buy the San Francisco company at $54.20. Shares jumped nearly 13% to $47.95 before trading stopped.
Musk has been trying to back out of the deal for several months after signing on to buy the social media platform in April. Shareholders have already approved the sale.
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Report: Musk proposes going ahead with deal to buy TwitterTrading in shares of Twitter was halted after the stock spiked on reports that Elon Musk would proceed with his $44 billion deal to buy the company after months of legal battles. The news, based on anonymous sources, was first reported by Bloomberg News.
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Report: Musk proposes going ahead with deal to buy TwitterTrading in shares of Twitter were halted after the stock spiked on reports that Elon Musk would proceed with his $44 billion deal to buy the company after months of legal battles.
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Elon Musk Is Reportedly Going Through With Buying Twitter After AllMusk agrees to proceed with the deal at the original price, averting a court battle.
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Elon Musk Changes Course and Proposes Going Through With Twitter Deal at Original PriceTwitter shares surged on Tuesday after Bloomberg reported that Elon Musk plans to go through with his acquisition at $54.20 a share.
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Elon Musk tells Twitter he wants to go ahead with original deal, according to Bloomberg | EngadgetElon Musk tells Twitter he wants to go ahead with original deal, according to Bloomberg
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