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The deal between the world’s richest person and one of the most talked about social media platforms is on again.
Twitter has accepted Elon Musk’s offer to buy the social media platform for $54.20 a share.
“We received the letter from the Musk parties which they have filed with the SEC,” Twitter said in a statement Tuesday. “The intention of the Company is to close the transaction at $54.20 per share.”
Musk made the proposal in a letter to Twitter two weeks before its lawsuit seeking to force Musk to proceed with the deal was scheduled to go to trial in Delaware Chancery Court.
