The tumultuous saga of Elon Musk’s on-again, off-again purchase of Twitter reached a climax on Tuesday when the mercurial Tesla CEO proposed to pay the originally agreed-upon price of $44 billion.
Following receipt of Musk’s letter, Twitter stated that it intends to close the transaction at $54.20 per share. However, the company did not say that it was dropping its lawsuit against Tesla CEO Elon Musk. According to experts, this makes sense given the two parties’ contentious relationship and lack of trust.
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Buying Twitter is an accelerant to creating X, the everything app
— Elon Musk (@elonmusk) October 4, 2022
