Billionaire Elon Musk renewed a bid to purchase the social media platform, Twitter, at $54.20 per share, an unidentified source revealed in a report by Bloomberg.
In the latest turn in the Twitter ownership saga, Musk appeared to change his mind a third time since originally offering to purchase the company in April 2022. The report of Musk’s change of heart was also confirmed by CNBC.
Notably, the $44 billion bid to buy out the social media giant had already been accepted by Twitter’s shareholders earlier in September amid a legal bid to enforce the deal. Musk, who had previously attempted to back out of the deal, appeared to change his mind, and sent a proposal to Twitter, Bloomberg reported.
On the news of Musk’s renewed bid, Twitter shares traded up, spiking around $49.00.
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About Author
Jeremy Nation is a Senior Reporter at The Block covering the greater blockchain ecosystem. Prior to joining The Block, Jeremy worked as a product content specialist at Bullish and Block.one. He also served as a reporter for ETHNews. Follow him on Twitter @ETH_Nation.
Source: https://www.theblock.co/post/174744/elon-musk-renews-bid-to-purchase-twitter-reports?utm_source=rss&utm_medium=rss