Musk agrees to proceed with the deal at the original price, averting a court battle.
Elon Musk is going forward with the deal to purchase Twitter. According to, Musk sent a letter to Twitter saying that he wanted to proceed with the deal at the original share price of $54.20.
Musk and Twitter were scheduled to take their beef to Delaware chancery court this week. Musk’s letter would likely mean the legal proceedings would be halted. Musk was scheduled to be deposed later this week. Twitter and Musk have not yet replied to BuzzFeed News.in April at a price of $54.20. Not long after, Musk started making public grumblings that Twitter had a bigger issue of fake accounts than it let on, which meant that the value of the company was really lower.
from Musk’s phone about the deal that revealed how quickly the deal fell apart after Musk and Twitter CEO Parag Agrawal didn’t see eye to eye.
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