Musk has renewed his bid to acquire Twitter for $54.20 per share. The offer was made in a letter filed with the U.S. Securities and Exchange Commission by the CEO of Tesla and SpaceX.
In the most recent development of the Twitter ownership crisis, Musk seems to have changed his mind for the third time since April 2022, when he first offered to acquire the firm. CNBC further validated the claim of Musk’s change of heart.
Notably, Twitter’s shareholders accepted the $44 billion offer to acquire the social media behemoth earlier in September, despite a court effort to enforce the agreement. Musk, who had earlier sought to back out of the deal, seems to have changed his mind and sent Twitter a proposal.
In an email to ZDNET, a Twitter spokesperson confirmed that the business received the letter. “The intention of the Company is to close the transaction at $54.20 per share,” the spokesperson said.
Musk tweeted on Tuesday afternoon, “Buying Twitter is an accelerant to creating X, the everything app.” Musk has previously mentioned developing an “X” application.
Buying Twitter is an accelerant to creating X, the everything app
— Elon Musk (@elonmusk) October 4, 2022
