The beginning of the end of the soap opera? Billionaire Elon Musk relaunched his plan to buy Twitter on Tuesday, October 4, at the price agreed in April, three months after having first given up on buying the social network. Twitter confirmed on Tuesday that it had received a letter from Elon Musk, who wants to buy the social network for $ 54.20 per share, two weeks before the trial between the two parties on this eventful acquisition.
“We have received the letter (…). The company’s intention is to close this transaction.” at the set price, the San Francisco group tweeted after news of the rebound was revealed by economic news agency Bloomberg hours earlier.
The quotation of the title Twitter suspended
In July, the founder of Tesla had made an about-face, accusing Twitter of having breached its contractual obligations, by providing him with erroneous or incomplete data, in particular on the number of fake accounts.
The social network had sued Mr. Musk for breach of the buyout agreement, in order to force him to honor his commitment. The trial, if maintained, should theoretically take place from October 17 to 21.
Earlier in the day, Twitter stock was suspended from trading on the New York Stock Exchange. “waiting for information” regarding this offer. The quotation had been suspended for the first time for 5 minutes, and the title had soared up to + 18%, before being stopped again, at + 12.7%.