The world’s richest man Elon Musk has agreed to buy Twitter for his original offer of $44 billion dollars; he will not have to go to trial if the deal goes through.
From The New York Post:
Twitter shares spiked more than 13% to $48.13 immediately following an earlier report of the agreement by Bloomberg and were halted for pending news.
Musk sent a letter to Twitter with the offer, according to Bloomberg.
Twitter sued Musk over his refusal to go through with the deal in a trial that was set to open on Oct. 17. Musk was scheduled to be deposed by Twitter’s attorneys on Thursday and Friday this week, raising the prospect that the last-minute deal was made in part to avoid the deposition.
More over at The New York Post