According to a new SEC filing, billionaire Elon Musk will go through with his Twitter acquisition, after all, provided the company drops its lawsuit against him. Twitter.
In a nutshell: Elon Musk seems to have changed his mind again and will buy Twitter after all for the originally agreed-upon amount. He will end up paying $54.20 per share, with the entire deal being worth around $44 billion.
According to a new SEC filing, billionaire Elon Musk will go through with his Twitter acquisition, after all, provided the company drops its lawsuit against him. Twitter shares rose 22 percent when the news broke, while Tesla shares fell about 5 percent but have recovered somewhat since then.
So how did this whole ordeal start? In April, Musk disclosed that he purchased a 9.2 percent stake in Twitter.
