Trading in Twitter shares was halted as the stock spiked following reports that Elon Musk is planning to buy the company for his original offer price
More than $16bn worth of Tesla shares had been exchanged as of midday New York time on Tuesday resulting in a stock value plunge which rebounded in afternoon trading.
Legal disputes involving senior Twitter executives and texts from Mr Musk were aired which have hurt Twitter's reputation and company morale. In the past Mr Musk has taken to Twitter to stir controversy, such as suggesting a peace plan for the Ukraine-Russia war that drew swift condemnation from Ukraine's president, Volodymyr Zelenskyy.Mr Musk also said he would overturn former president Donald Trump's ban from the site.
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Trading in Twitter shares halted as Elon Musk 'plans to buy social media company for original offer price'Trading in Twitter shares was halted as the stock spiked following reports that Elon Musk is planning to buy the company for his original offer price.
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Elon Musk proposes buying Twitter for originally agreed $44bn\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
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Elon Musk Twitter deal back on in surprise u-turnIn a letter to Twitter, the billionaire said he would buy the business and honour his original deal.
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