Elon Musk confirms to close 44billion deal

Twitter on Wednesday said it has received a letter from Elon Musk to go ahead with their original deal of $54.20 per share (or $44 billion)

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Twitter shares went up 22 per cent after the news

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We received the letter from the Musk parties which they have filed with the SEC (Securities and Exchange Commission), said Twitter

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The intention of the Company is to close the transaction at $54.20 per share

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“Buying Twitter is an accelerant to creating X, the everything app. Twitter probably accelerates X by 3 to 5 years, but I could be wrong,” Musk tweeted

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The surprising development led to the micro-blogging platform’s share jump 22 per cent after it reopened as trading of Twitter shares was briefly halted

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Twitter shareholders had earlier voted to approve Musk’s $44 billion takeover bid

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