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Elon Musk Reportedly Proposes to Proceed With Twitter Acquisition

Posted by Caleb Mpamei on October 04, 2022 - 5:44pm


CDCROP: Tesla Officially Opens Gruenheide GigafactoryElon Musk Reportedly Proposes to Proceed With Twitter Acquisition

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

By Stephen Alpher

CDCROP: Tesla Officially Opens Gruenheide Gigafactory

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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Caleb Mpamei Yes, Simon, this is definitely one fascinating deal that's being hammered out in front of us. Heard Elon Musk has lowered his offer!
October 6, 2022 at 7:01am
Simon Keighley It will be interesting to see how Elon's Twitter acquisition proceeds, Caleb - thanks for sharing the breaking news.
October 5, 2022 at 5:37am
Caleb Mpamei Yes, Mike, win-win is the best thing for both the parties. And besides, it will make the social media world a better place with Elon Musk at the helm of Twitter. May the deal go through.
October 5, 2022 at 3:46am
Mike Thompson Sounds like a win-win for both Twitter and Elon Musk.
October 4, 2022 at 11:05pm
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