Musk says he will proceed with original proposal as long as judge agrees to stay the court proceedings.
It appears that the Elon Musk and Twitter drama may finally be coming to a close. In a tweet, Twitter announced that Musk intends to close the deal at $54.20 per share.Elon Musk announced his intention to buy Twitter back in April of this year for over $41 billion, or $54.20 per share. At the time of the proposal , the price represented a 54% premium over the day before Musk invested in Twitter and a 38% premium over the day his announcement was made. Since then, Musk and Twitter have been battling it out over the price and spam/fake accounts on the social media platform, as well as in court. Now it seems the deal may finally be finalized, as Twitter says Musk is willing to go through with the original deal of $54.20 per share.At one point in May, Musk stated that he was putting the deal on hold because of spam bots.
