Elon Musk is ready to buy Twitter at full price

The Elon Musk x Twitter debacle might soon be coming to an end as the billionaire sent a letter to Twitter proposing both parties to go through with the buyout. Read on for more.


The CEO of Tesla and SpaceX sent a letter to Twitter execs proposing a follow through.

Elon Musk
Elon Musk proposed to follow through with the deal in a letter.Source: Adobe Stock.

According to a securities filing on Tuesday, Elon Musk sent a letter to Twitter on Monday proposing to go through with his deal to buy the social media platform. The Tesla CEO wants to maintain the originally agreed upon price of $54.20 per share. 

In the letter, Musk proposed a couple of conditions in order to proceed as well. The acquisition should follow through on the original terms, pending receipts from the debt financing. Also, provided that the Delaware Chancery Court forgoes the litigation proceedings over Elon Musk’s attempt to stop the deal, and adjourns the upcoming trial.

In a statement, a Twitter executive said that the company received Elon Musk’s letter. He stated that the intention of the social media company has always been to close the transaction. And at the original price proposed by the billionaire. 

Late Tuesday, Elon Musk hinted that he’s got big plans for the platform by tweeting that the acquisition is the first step towards creating an “everything app”. 

News surrounding Musk’s letter was reported by Bloomberg on Tuesday Morning. Then, there were two pauses on Twitter’s stock trading. When it resumed trading, prices were topping $51 a share for the first time in months.

Will the follow through stop the trial?

Elon Musk
Will the Musk vs. Twitter trial go on as planned? Source: Adobe Stock.

The follow through comes as both Elon Musk and Twitter have been preparing for a trial set to happen in two weeks. After Musk’s attempt to cancel the $44 billion acquisition, Twitter moved a lawsuit in order for him to complete the deal.

Parag Agrawal, Twitter’s CEO, is set to be deposed by Elon’s lawyers next Monday. Musk’s deposition by Twitter lawyers should happen the next day. 

The news also follows a release of Elon Musk’s personal text messages about his Twitter deal. The messages gave everyone an insight of the Silicon Valley billionaires. Most of whom contacted Musk to weigh in on the deal and even to offer financing for completion. 

If the new agreement goes through, it could bring an end to controversial back and forth between Musk and Twitter that’s lasted for months. It could also bring peace of mind to thousands of employees, investors and users of the social media platform. 

It’s now up to Twitter to determine how they should respond to Elon Musk’s letter proposal. Josh White, an assistant professor at Vanderbilt University believes that Twitter’s board of executives will most likely agree to Elon Musk’s terms and move forward with closing the deal. 

What are Twitter Circles?

Have you heard about Twitter’s new global feature that allows you to share your tweets to a group of selected people only? The news came about last month and it’s already a hit amongst users. Follow the link below to learn how you can take part in it!

twitter circle

Twitter Circle: say hello to Twitter’s new feature

Twitter just launched a new global feature called "Twitter Circle." Here's everything you need to know about it.

Trending Topics


Which one is best to invest in, crypto or regular investments?

If you're trying to decide whether you should invest in crypto or regular investments, read this post to see the pros and cons of each option.

Keep Reading

Pros and cons of a business partnership

Before entering a business partnership, understand the pros and cons. This article outlines the benefits and risksof partnerships.

Keep Reading

Discover the top-rated phone tracker app for free: precise location tracking and advanced safety features

Never worry about your loved ones again! With a phone tracker app, you can easily check their location for free in real time!

Keep Reading

You may also like


What are the best music streaming services of 2022?

What are the best music streaming services available in 2022? See our list of top providers and how they stack up to each other.

Keep Reading

Sable Bank Account review: no credit checks!

Check out our Sable Bank Account review to learn how this inclusive online institution can help you manage your money more efficiently.

Keep Reading

BankAmericard® Credit Card review

Learn more about the features and benefits of BankAmericard® Credit Card and find out if it's the right choice for your financial needs!

Keep Reading