In a surprise move, Elon Musk has proposed moving forward with the acquisition of Twitter at the initial offering price of $54.20 per share. This has caused shares of Twitter (NYSE:TWTR) to surge by almost 13%, resulting in the stock being halted. It would seem that Musk has come to the realization that a legal battle may not be worth the trouble. Indeed, some legal experts have claimed in recent months that the deal would likely go through if it ended up in court.
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Twitter (NYSE:TWTR)
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