Thursday, 28 Nov 2024

Elon Musk to proceed with $44bn buyout of Twitter after U-turn

Elon Musk to proceed with $44bn buyout of Twitter after U-turn

Elon Musk to proceed with $44bn buyout of Twitter after U-turn
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Elon Musk has offered to complete his proposed $44bn (£38bn) acquisition of Twitter in a dramatic U-turn on his decision to walk away from the deal.

Musk had been set for a courtroom showdown with Twitter on 17 October, with multiple legal commentators warning he had a slim chance of succeeding in his attempt to scrap the deal.

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