The Washington PostThe Washington Post

Elon Musk offers to buy Twitter for original price, weeks before trial

By Faiz Siddiqui, Elizabeth Dwoskin and Rachel Lerman

04 Oct 2022 · 4 min read

Editor's Note

In a shocking turn of events, billionaire Elon Musk has agreed to buy Twitter at the original $44 billion price. Is this genuine or just another delay tactic? WaPo tries to find out.

Elon Musk has offered to proceed with a deal to buy Twitter at the price he offered months ago before trying to call it off, according to a legal filing, a stunning development weeks before the two sides were due to face off in a trial.

In a letter that Musk’s side sent to Twitter overnight, he proposed proceeding with the deal at $54.20 a share if the Delaware Chancery Court, which was scheduled to hold the trial on Oct. 17, agrees to “enter an immediate stay” of the case “and adjourn the trial and all other” related proceedings. Twitter enclosed a copy of the letter from Musk’s attorneys in a financial filing Tuesday.

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