Elon Musk To Buy Twitter Again

San Fransisco: Elon Musk, the CEO of Tesla, made a ‘re-proposal’ to purchase Twitter on Tuesday for the originally agreed-upon $44 billion price, bringing the tumultuous never-ending narrative of his acquisition of the firm to an end.

In response, Twitter stated that after receiving the letter from Musk, it plans to close the deal at $54.20 per share. The business did not, however, state that it was dropping its case against the multibillionaire CEO of Tesla. Given the tense relationship and lack of trust between the two parties, experts said that makes sense.

After being suspended for most of the day pending the announcement of the news, trading in Twitter’s stock resumed late on Tuesday and jumped 22% to close at $52.

The world’s richest man and one of the most powerful social media sites (Twitter) are involved in a high-profile saga, and Musk’s proposal is the most recent development. Most of the turmoil has been on Twitter, where Musk, who has more than 100 million followers, has complained that the network is not living up to its potential as a place for free speech and that there are too many bots.

Now that the offer is in place, it is unclear whether Musk will move forward with the buyout deal. With Musk at the helm of Twitter, a few changes are anticipated.

With the mention of X, the everything app from Musk, Twitter may end up being a part of the SpaceX and Tesla family.

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