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Musk says he wants Twitter again and will pay $44B price

Elon Musk wants Twitter again — and Twitter is game

By TOM KRISHER, MATT O'BRIEN, RANDALL CHASE and BARBARA ORTUTAY
Published - Oct 05, 2022, 12:03 AM ET
Last Updated - Jun 24, 2023, 04:16 AM EDT

Elon Musk wants Twitter again — and Twitter is game. The billionaire Tesla CEO has proposed to buy the company at the originally agreed-on price of $44 billion, bringing the tumultuous, monthslong saga another step closer to a conclusion.

It came less than two weeks before a trial between the two parties over Musk’s attempt to back out of the deal is scheduled to start in Delaware. Musk also faced a scheduled deposition by Twitter attorneys starting Thursday.

In response, Twitter said it intends to close the transaction at $54.20 per share after receiving the letter from Musk. But the company stopped short of saying it's dropping its lawsuit against the billionaire Tesla CEO. Experts said that makes sense given the contentious relationship and lack of trust between the two parties.

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