Elon Musk Reverses Course , and Offers to Proceed , With Twitter Buyout.<br />'The Independent' reports that Elon Musk <br />has offered to buy Twitter for his <br />original offer price of $54.20 a share.<br />'The Independent' reports that Elon Musk <br />has offered to buy Twitter for his <br />original offer price of $54.20 a share.<br />Bloomberg first reported on a letter to Twitter containing Musk's proposal that was later confirmed by NBC.<br />Bloomberg first reported on a letter to Twitter containing Musk's proposal that was later confirmed by NBC.<br />Previously, the billionaire had been trying to exit the $44 billion deal, citing the number of bots on the platform.<br />Previously, the billionaire had been trying to exit the $44 billion deal, citing the number of bots on the platform.<br />On October 17, Musk and Twitter were scheduled to appear in a Delaware Court of Chancery to determine the fate of the deal.<br />However, now it is unclear whether <br />that court appearance will proceed.<br />On April 14, a securities filing revealed that <br />Twitter had been offered $44 billion<br />by Musk to buy the company outright.<br />On April 14, a securities filing revealed that <br />Twitter had been offered $44 billion<br />by Musk to buy the company outright.<br />After initially attempting to thwart <br />the takeover, Twitter ultimately <br />agreed to the deal on April 25.<br />In May, Musk announced that the deal was "on hold" <br />while he sought additional information regarding spam, <br />bots and fake accounts on the social media platform.<br />In May, Musk announced that the deal was "on hold" <br />while he sought additional information regarding spam, <br />bots and fake accounts on the social media platform.<br />The Tesla CEO and the world's richest man said that <br />he doubted Twitter's estimate that less than 5% of its <br />active accounts were spam or automated accounts.<br />The Tesla CEO and the world's richest man said that <br />he doubted Twitter's estimate that less than 5% of its <br />active accounts were spam or automated accounts.<br />Following the announcement, <br />Twitter filed a lawsuit attempting <br />to force Musk to complete the deal. .<br />Following the announcement, <br />Twitter filed a lawsuit attempting <br />to force Musk to complete the deal.
