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Evening Standard
Evening Standard
Business
Simon Hunt

Elon Musk U-turns with fresh Twitter takeover offer at original price

Elon Musk Twitter Inc. United States

Billionaire Elon Musk is set to re-commit to his original offer of taking Twitter private, according to reports citing people familiar with the matter, in a dramatic U-turn for the world’s richest man.

Musk is tipped to be proceeding with the original terms of his deal in which he would acquire shares at $54.20 each, valuing the firm at $44 billion.

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