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)

Twitter shares went up 22 per cent after the news

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

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

 “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

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

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

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