TWEETHEART DEAL: Musk Agrees to Buy Twitter for Original $44B Offer

posted by Hannity Staff - 10.04.22

Elon Musk may buy Twitter after all.

According to a report from Bloomberg, Tesla and SpaceX billionaire Elon Musk has agreed to purchase social media giant Twitter for his original offer of $54.20 a share —or $44 billion dollars.

“Musk made the proposal in a letter to Twitter, according to people familiar with the matter, who asked not to be identified discussing confidential information. Shares in Twitter climbed as much as 18% on the news, after trading was briefly halted,” Bloomberg reports.

This story is developing…

From The New York Post:

Twitter sued Musk over his refusal to go through with the deal in a trial that was set to open on Oct. 17. Musk was scheduled to be deposed by Twitter’s attorneys on Thursday and Friday this week, raising the prospect that the last-minute deal was made in part to avoid the deposition.

Twitter CEO Parag Agrawal was deposed on Monday, according to a source close to the situation.

An attorney for Musk declined to comment. Twitter did not immediately respond to requests for comment.

Less than an hour after the news broke on Tuesday, Musk posted a tweet about SpaceX’s Starlink internet service but made no mention of the Twitter news.

Analysts who cover Twitter say that $54.20 is an astronomically high price to pay for the scandal-plagued social media site. Without Musk’s involvement, Twitter would be trading in the $20 range, analysts say.

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