Elon Musk Reportedly Proposes to Proceed With Twitter Acquisition

Alongside a spike in Twitter shares, Musk crypto favorite dogecoin has moved higher.

By Stephen Alpher

Elon Musk reportedly wants to move ahead with his deal to purchase Twitter. (Christian Marquardt - Pool/Getty Images)

Tesla (TSLA) CEO Elon Musk has proposed moving forward with his on-again/off-again agreement to buy Twitter (TWTR) at the originally agreed upon price of $44 billion, or $54.20 per share, according to Bloomberg.

Twitter's shares surged 13% on the news and were recently halted at $47.96. Also on the move is Musk's favored meme coin, dogecoin (DOGE), which rose 7.5% to about 64 cents.

The report comes just weeks before Musk and Twitter were set to go to trial over Musk's breaking of the deal.

This is a developing story. Please check back for updates.

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