Elon Musk agrees to $44B acquisition of Twitter in hopes of averting trial ...Middle East

The Hill - Technology

Elon Musk agreed to pay $44 billion to buy Twitter if a lawsuit brought by the company in an attempt to force him to follow through with the deal is closed, according to a filing with the Securities and Exchange Commission (SEC) uploaded Tuesday. Attorneys representing Musk sent a letter to Twitter Monday stating they intend to proceed with the closing of the deal the parties agreed to in April, provided that the court enters an immediate stay in the case. The offer to follow through on the deal Musk reached with Twitter on Tuesday comes roughly two weeks before the Tesla CEO was set to face Twitter in a trial over the deal. News of Musk’s intent to move forward with the deal

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Last updated : 04 October 2022 clock 10:45 PM

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