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Bangkok Post
Bangkok Post
Business

Musk offers to close Twitter buyout at original price

Elon Musk is reported to have told Twitter he will go through with buying the tech firm, just two days before he was to be deposed by Twitter attorneys for a trial set to start on Oct 17.

SAN FRANCISCO: Elon Musk has offered to push through with his buyout of Twitter at the original agreed price, reports said Tuesday, just weeks before the opening of a bitter court case over his effort to withdraw from the deal.

US media said the world's richest man had sent a letter to Twitter vowing to honor the takeover price of $54.20 a share -- prompting a surge in the share value of the social network that triggered a suspension of trading.

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