Elon Musk proposes to proceed with his $44 billion Twitter deal: Report
Image Credit: FPJ
Trading in shares of Twitter was halted after the stock spiked on reports that Elon Musk would proceed with his $44 billion deal to buy the company after months of legal battles. The news, based on anonymous sources, was first reported by Bloomberg News. Musk offered to buy the San Francisco company at $54.20. Shares jumped nearly 13% to $47.95 before trading stopped.