American billionaire Elon Musk has gone to the second round in an attempt to acquire Twitter. The first one ended
What is known
Twitter reports Musk's new attempt to buyBloomberg, citing sources familiar with the situation. Later, Sean Edgett, a legal consultant for Twitter, confirmed receipt of the letter from representatives of the billionaire.
Twitter issued this statement about today's news:We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share.
— Twitter Investor Relations (@TwitterIR) October 4, 2022
Elon Musk first announced plans to acquireTwitter in mid-spring 2022 for $44 billion, i.e. at $54.2 per share. According to Sean Edgett, the company is now ready to close the deal at the same price.
Twitter stock jumped 18% on the back of the buy information. After the resumption of trading, the securities continued to rise in price. The cost reached $52. The daily increase was 22.24%.