Tesla chief executive had been set for court showdown after attempting to scrap deal
Shares in Twitter have been suspended following a report that Elon Musk has offered to push ahead with a $44bn (£38bn) acquisition of the platform after performing a dramatic U-turn on his decision to walk away from the deal.
Bloomberg reported on Tuesday that the Tesla chief executive had written to Twitter offering to close the deal at the original price of $54.20 a share. Shares in the social media site climbed more than 12% to $47.93 in New York before trading was halted.
Continue reading…Tesla chief executive had been set for court showdown after attempting to scrap dealShares in Twitter have been suspended following a report that Elon Musk has offered to push ahead with a $44bn (£38bn) acquisition of the platform after performing a dramatic U-turn on his decision to walk away from the deal.Bloomberg reported on Tuesday that the Tesla chief executive had written to Twitter offering to close the deal at the original price of $54.20 a share. Shares in the social media site climbed more than 12% to $47.93 in New York before trading was halted. Continue reading…