In April, Twitter accepted Elon Musk’s offer to buy it for $44bn. Nearly six months later, the impulsive billionaire has again made the same proposal.
In the time between those offers, the two parties went from toasting the prospect of a new era for the social media platform under Musk to facing off in a highly acrimonious legal fight after the Tesla chief executive attempted to back out of the agreement, accusing Twitter of lying about the number of its fake accounts.
On Tuesday, less than two weeks before a trial was scheduled to begin, Musk’s lawyers said the entrepreneur in fact intended to close the deal at the previously agreed price of $54.20 a share, once debt financing is received, provided the court halts the legal action.
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