Elon Musk resumes his Twitter buyout plan for $44 billion
Join Our Telegram channel to stay up to date on breaking news coverage The CEO of Tesla and SpaceX, Elon Musk, has agreed to resume his Twitter buyout plan for $54.20 per share as per his initial plan . The social media company&rsquo ;s shares jumped 18% after the news was released after a brief halt in trading. Elon Musk resumes Twitter purchase plan for $44 million A report by Bloomberg quoted people familiar with the matter who said that Musk had renewed his offer to buy the social media company. The people who revealed Musk’s letter on the matter requested anonymity because the information was confidential. Musk’s initial offer to buy Twitter was $54.20 per share, for $44 billion. Musk made this initial offer in April this year. At the time, he said he needed to make Twitter a “digital town square” and protect the principle of free speech. Musk and Twitter have been locked in a legal battle following the billionaire’s withdrawal from the Twit...