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Axios
Axios
Business

Elon Musk offers to proceed with Twitter deal

Elon Musk Twitter Inc.

Elon Musk has offered to proceed with a $44 billion buyout of Twitter, according to a letter his lawyer sent to Twitter's legal team that was submitted to regulators Tuesday.

Driving the news: According to the letter, Musk has agreed to proceed in closing the transaction in accordance with the April 25 merger agreement he originally signed, in which he agreed to pay $54.20 per share.

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