Twitter soars after Musk reportedly willing to consummate deal at original price
Elon Musk (Video screenshot)
WND is now on Trump’s Truth Social! Follow us @WNDNews
(ZEROHEDGE) – Bloomberg is reporting, according to people familiar with the matter, that Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share, valuing the company at $44 billion.
The billionaire’s lawyers communicated the proposal to Twitter’s lawyers overnight Monday and filed a letter confidentially with the Delaware Chancery Court ahead of an emergency hearing on the matter scheduled for Tuesday, the person said.
The FT reports that Twitter’s legal team is examining the letter sent by the billionaire entrepreneur, according to people briefed about the matter. It is not a given that the social media company will agree to proceed with the deal without guarantees on timing and certainty of closing, those people added.
The post Twitter soars after Musk reportedly willing to consummate deal at original price appeared first on WND.
BREAKING NEWS
- Oklahoma City bombing: FBI agent reflects on response to attack 29 years later
- Borrell Came Up With A Nifty Excuse For Why NATO Won’t Shoot Down Russian Missiles Over Ukraine
- BRICS – The Project Of The Century
- Illegal UK Immigrant Who Protested With Sign Saying “Migrants Are Not Criminals” Pleads Guilty To Rape Of 15-Year-Old Girl
- Sen. Tim Scott Challenges Biden Administration on Housing Affordability
- Foreign Aid Package For Ukraine, Israel Advances to House Floor
- Trump: Ukraine’s Survival Is ‘Important to Us’
- FBI Repatriates Revolutionary War-Era Firearms At Philadelphia’s Museum Of The American Revolution
- N.Y. Gives Trump The Anne Boleyn Treatment
- Light Pole Installation Hits Fiber Line, Knocks out 911 Service in Several States
Leave a Reply