Wednesday, December 7

Elon Musk returns to the fray to buy Twitter | Digital Trends Spanish

A last minute bomb blew up tech billionaire Elon Musksince according to a report from Bloombergproposes to return to the charge for the purchase of Twitter for the original agreed amount of $54.20 per share.

Musk made the proposal in a letter to Twitter, according to people familiar with the matter, who asked not to be identified discussing sensitive information. Stocks on Twitter were up as much as 18% on the news, and trading has since ground to a halt. Musk and representatives of San Francisco-based Twitter did not respond to requests for comment on the letter or whether the company would accept the proposal.

Musk formally renounced the deal in July, and Twitter sued him in Delaware Chancery Court to force him to go ahead with the purchase. A trial is scheduled to begin on October 17.

Many say this latest move by Musk is a way to delay and finally end the trial early.

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