Elon Musk moves forward to buy Twitter at full price? Here's the latest update

Amid reports that Elon Musk suggested going forward with his deal to buy the firm at the initially agreed amount of $54.20 per share, the Twitter stock was twice paused and increased by about 13% during midday trading on Tuesday.

On Tuesday, Tesla CEO Elon Musk had reportedly written to Twitter with a proposal to seal the deal as initially agreed, according to sources familiar with the negotiations. Elon Musk or Twitter representatives were not available for comment.

The news emerged amid the preparation of the two parties for a trial that is expected to begin in two weeks over Musk's plan to backtrack on the $44 billion takeover deal, which Twitter had challenged him to fulfill.


Elon Musk's attorneys were scheduled to question Twitter CEO Parag Agrawal on Monday, and Twitter's attorneys intended to question Musk beginning on Thursday.

Such a deal may put an end to the bitter, months-long back-and-forth between Twitter and Musk, which has left users, employees, and investors of one of the most powerful social media platforms in the world in a great deal of turmoil.

When did the Elon Musk-Twitter saga begin?

The drama unfolded when Elon Musk declared he had become Twitter's largest shareholder in April.

What was the sequence of events in the Musk-Twitter Saga?

After his declaration in April, Musk acknowledged and later declined an invitation to join Twitter's board. He intimidated the company with a hostile takeover bid and later signed a purchase agreement for the business. He raised concerns regarding the platform's bots and tried to terminate the agreement. Twitter sued Musk to finalize the deal and added allegations from a Twitter whistleblower to his case.