44B

The world's richest man had sent a letter to the social media platform vowing to honour the original buyout price of $54.20 a share, prompting a surge in the stock price. In a statement, Twitter said it intends to close the transaction at $54.20 per share after receiving th e letter from Musk.…

By TOM KRISHER, MATT O’BRIEN and RANDALL CHASE The tumultuous saga of Elon Musk’s on-again off-again purchase of Twitter took a turn toward a conclusion Tuesday after the mercurial Tesla CEO proposed to buy the company at the originally agreed-on price of $44 billion. Musk made the proposal in a letter to Twitter that the company disclosed in a filing Tuesday with the U.S. Securities and Exchange Commission. It came less than two weeks before a trial between the two parties is scheduled to start in Delaware. In a…

By TOM KRISHER, MATT O’BRIEN and RANDALL CHASE Elon Musk is abandoning his legal battle to back out of buying Twitter by offering to go through with his original $44 billion bid for the social media platform. The mercurial Tesla CEO made the offer in a letter to Twitter, Musk disclosed in a filing Tuesday with the U.S. Securities and Exchange Commission. The offer comes just two weeks before Twitter’s lawsuit seeking to force Musk to go through with the deal goes to trial in Delaware Chancery Court. The filing says he’ll…

The subpoena asks for anything former Twitter boss Jack Dorsey has on the topics dating back to January of 2019. Composite picture shows former Twitter CEO Jack Dorsey, left, pictured on June 7, 2019, and Tesla and SpaceX Chief Executive Officer Elon Musk, pictured on March 9, 2020.…

The richest man in the world is asking the court to free him from the agreement and make Twitter pay him an amount in damages to be determined at trial. Twitter rejected the mercurial billionaire's argument, calling it "as implausible and contrary to fact as it sounds."…

Fast News Twitter shares have dropped nearly six percent in premarket trading after the social media company announced plans to sue Elon Musk for walking away from his buyout deal. Twitter shares have been hit by a double whammy of a slump in the broader equity market and investor…

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Musk had threatened to halt the deal unless the company showed proof that spam and bot accounts were fewer than 5 percent of users who see advertising on the social media service. Twitter did not immediately respond to a Reuters request for comment. (Getty…

Jena McGregor / Forbes: Guild Education, a marketplace for lower-skilled workers to find higher education programs, raises a $175M Series F at a $4.4B valuation, up from $3.75B in 2021 — New! Click on the conversation bubble to join the conversation Got it! — Guild Education cofounder and CEO Rachel Romer Carlson … Jena McGregor / Forbes: Guild Education, a marketplace for lower-skilled workers to find higher education programs, raises a $175M Series F at a $4.4B…

The Twitter buyout saga led by Elon Musk continues -- the billionaire has clarified comments he made at the All-In Summit in Miami regarding his belief that 20% of accounts on the platform are fake or spam, an issue that's led Musk to declare the $44 billion acquisition on hold."20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter's…