Twitter shares halted amid reports Elon Musk to go ahead with $44bn buyout

October 4, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

Tesla CEO had been set for court showdown after attempting to scrap deal

Shares in Twitter have been suspended following a report that Elon Musk has offered to push ahead with a $44bn acquisition of the platform after performing a dramatic U-turn on his decision to walk away from the deal.

Bloomberg reported on Tuesday that the Tesla chief executive had made an offer to buy the business for the original deal price of $54.20 a share in a letter to Twitter. Shares in the social media site climbed more than 12% to $47.93 in New York before trading was halted.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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Twitter shares halted amid reports Elon Musk to go ahead with $44bn buyout

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