Subscribe Us

Elon Musk to proceed with $44bn buyout of Twitter after U-turn

Tesla chief executive had been set for court showdown after attempting to scrap deal

Elon Musk has offered to complete his proposed $44bn (£38bn) acquisition of Twitter in a dramatic U-turn on his decision to walk away from the deal.

Lawyers for Musk confirmed in a court filing on Tuesday that the world’s richest man is prepared to push ahead with the transaction on the agreed terms following months of legal drama.

Continue reading...

https://ift.tt/rjpRhko

Originally posted in the guardian.