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Elon Musk Is Interested In Twitter Deal Again, Has A Plan "X"
Confirming SpaceX founder Elon Musk’s buyout offer, Twitter said it intended to close the deal at $54.20 per share.
Andrew
5:40 5th Oct, 2022
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After saying he'd honour the $44-billion deal to buy Twitter, billionaire businessman Elon Musk has sent out another one-line tweet with two big hints. He is clearly interested again in buying Twitter after being sued for backing out earlier. And he plans to use it as a launchpad to eventually launch his own, "everything" app called "X".

His tweet today read: "Buying Twitter is an accelerant to creating X, the everything app." He did not specify what he means by "everything", though he has in the past said he plans to make his own social media platform "X.com" to rival Twitter.

When a Twitter user (@LarckeningXuruo) suggested "it would have been easier to just start X from scratch", Elon Musk replied with: "Twitter probably accelerates X by 3 to 5 years, but I could be wrong."

Confirming business magnate Elon Musk’s buyout offer, Twitter said it intended to seal the deal at $54.20 per share. Twitter Investor Relations wrote, "We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share."

This comes a day after business tycoon Elon Musk proposed to go ahead with his original offer of $54.20 to take Twitter Inc TWTR.N private, sending the shares of the social media firm surging.

Twitter shares jumped 12.7% at $47.93 before trading was halted for the second time, while Tesla Inc TSLA.O, the electric vehicle company that Musk heads, fell about 3%, Bloomberg News reported.

Musk made the proposal in a letter to Twitter, citing people who asked not to be identified as discussing confidential information.

Twitter and Musk's lawyers were not immediately available for requests for comment from Reuters.

The news comes ahead of a highly anticipated faceoff between Musk and Twitter at Delaware's Court of Chancery on Oct. 17, in which the social media company was set to seek an order directing Musk to close the deal at $54.20 per share.

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