Elon Musk's $44 Billion Acquisition Of Twitter Is Back On

thegamer.com:

Tesla CEO Elon Musk has reportedly agreed to buy Twitter at the originally proposed price of $44 billion. The deal and several controversies surrounding it have been ongoing for almost six months, and it seems the deal is finally going through.

As reported by Yahoo! Finance, this information comes thanks to an amended SEC filing made by Musk. He also filed a letter with the Delaware Chancery Court on Tuesday to move forward with the takeover. Twitter’s Investor Relations account posted, “According to the new filing, Musk has agreed to buy Twitter at the original price of $54.20 per share”.

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Twitter had originally sued Elon Musk for pulling out of the deal at the last minute. Consequently, he was due for a court appearance in early October. However, the latest development probably means that the case will be dismissed.

The talks of a deal began way back in April when it was revealed that Elon quietly acquired a 9.2 percent stake in Twitter, and planned to take over the company entirely. However, Twitter tried to push back, and also reportedly had a “poison pill” plan in place in case they found themselves on the losing side. However, just when both parties reached an agreement, Musk put the deal on hold as he shared his concerns over the number of fake accounts on Twitter and accused the social media giant of withholding crucial information. Soon after, he proceeded to pull out of the deal completely, which led to Twitter suing him. Shortly after, Twitter shareholders also approved the proposed takeover, which looks to have changed Musk’s mind.

Musk has also made his plans for the platform very clear right from when he started talks of the