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Elon Musk resurrects $44B Twitter offer, envisions ‘everything app’

October 5, 2022

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Elon Musk sent a proposal letter to buy Twitter for his original asking price of $54.20 per share, or roughly $44 billion, according to a filing with the Securities and Exchange commission. The development was reported on earlier by Bloomberg.

The offer is predicated on Twitter ditching a legal battle with the Tesla and SpaceX founder set to commence Oct. 17 in Delaware Chancery Court. In a tweet shared via its official investor relations account, Twitter affirmed it had received the letter and intended to close the transaction at that price, but did not mention any plans regarding the lawsuit.

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