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Elon Musk Moving Forward With Twitter Acquisition


In yet another twist on the dramatic winding road of the Twitter/Elon Musk acquisition saga that has involved public spats and legal battles, Musk submitted a letter to Twitter to buy the company at the originally agreed price of $44 billion, according to the Associated Press.

In response, Twitter said that it intends to close the transaction at $54.20 per share after receiving the letter from Musk, which was disclosed in a filing Tuesday with the U.S. Securities and Exchange Commission and comes two weeks before a trial between the two parties is scheduled to start in Delaware.

Musk could be in charge of Twitter in a matter of days, depending on how long it takes him, and his co-investors, to line up the money, but this could also be a tactic to delay any legal proceedings between the two sides.

As always, stay tuned as this saga is likely to be over just yet.

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