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TheStreet.com
Twitter Bid: Elon Musk Is Back On With His $44 Billion
The battle between Elon Musk and Twitter appears to be over. The billionaire CEO of Tesla has finally decided to resubmit his offer to acquire the microblogging website for $44 billion as he initially proposed, according to a regulatory filing, confirming information reported earlier by TheStreet. “We write to notify you that the Musk parties intend to proceed to closing of the transaction contemplated by the April 25, 2022 merger agreement, on the terms and subject to the conditions set forth therein,” wrote the billionaire’s lawyer, Mike Ringler, of Skadden, Arps, Slate, Meagher & Flom.
