SAN FRANCISCO: Elon Musk dropped his bid to walk away from a $44 billion buyout of Twitter Inc after losing a series of pre-trial rulings that may have foreshadowed difficulties in making his case in court.
Musk, the world’s richest person, on Tuesday proposed carrying out his original plan to buy Twitter for $54.20 per share just days before he was scheduled to argue to a judge that executives of the social-media platform misled him about the number of spam and robot accounts embedded in the company’s more than 230-million user base.
