Twitter trading halted after Elon Musk reportedly proceeds with takeover deal ...Middle East

Trading of Twitter shares halted on Tuesday afternoon after reports emerged that Elon Musk proposed moving forward to buy the company at his original offer of $54.20 per share. The share price jumped by more than 12 percent on Tuesday after Bloomberg first reported the news, saying Musk notified Twitter of his intentions in a letter. In April, Musk offered to buy the company in what would be a $44 billion deal, but he had since attempted to back out of the acquisition on multiple occasions, leading to a legal battle with Twitter that is set to go to trial on Oct. 17. The Hill has reached out to Musk’s attorneys and a Twitter spokesperson for comment. Musk attempted to walk away

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