Twitter Accepts Musk’s Offer

$44 Billion Deal Expected To Close Within Weeks
Elon Musk

At a glance

  • Twitter has confirmed that it plans to accept Elon Musk’s renewed $44 billion takeover proposal.
  • A company spokesman said: “We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share.”
  • Musk had been trying to back out of the deal because he said Twitter undercounted the number of spam accounts on the site.
  • Both sides were due in court Oct. 17, but Musk wrote to Twitter on Oct. 4 proposing to buy the company at the original price.


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