Elon Musk Twitter Deal Back On, Stock Halted!

Major news is breaking on the Elon Musk Twitter deal:  it’s back on.

We told you from Day 1 all of this was a big act.

The deal will close.

Many laughed at us, said we didn’t know what we were talking about.

Not so much laughing today.

Take a look:

BREAKING: Elon Musk reportedly makes a proposal to proceed with deal to buy Twitter at $54.20, trading of TWTR shares halted

— Benny Johnson (@bennyjohnson) October 4, 2022

BREAKING: Elon Musk offers to proceed with the Twitter acquisition deal for the original price of $44 billion, Bloomberg reports.

— Watcher.Guru (@WatcherGuru) October 4, 2022

The deal could close “in a matter of days”:

JUST IN: Elon Musk could own Twitter, $TWTR within a matter of days, CNBC reports.

— Watcher.Guru (@WatcherGuru) October 4, 2022

Coin Market Cap reports the following:

According to the news outlet, Tesla’s CEO is willing to pay $54.20 per share — matching the original offer made earlier this year.

The proposal was made by letter, according to people familiar with the matter.

Shares in Twitter spiked on Wall Street — rallying from $42.95 to $47.93 in eight minutes, and trading was temporarily halted.

All of this comes after months of fighting between Musk and Twitter, with the billionaire claiming that the true number of bots on the social network is far higher than estimated.

Musk had tried to get out of the deal — and both sides were readying themselves for a dramatic showdown at the Delaware Court of Chancery.

Ahead of the legal fight, a huge dossier of Musk’s texts became public when they were included in court filings — documenting his correspondence with the likes of Parag Agrawal and Jack Dorsey.

And Fox Business reports:

Twitter shares soared Tuesday on a report that Elon Musk is proposing to acquire the social media giant for his original offer of $54.20 per share.

The company originally accepted Musk’s $44 billion offer in April. However, the billionaire notified Twitter in July that he was planning to terminate the deal after claiming the company breached its obligations by misrepresenting the number of spam and fake accounts on the platform. Twitter maintains that spam and fake accounts make up less than 5% of its total users.

In response, Twitter filed a lawsuit against Musk accusing him of refusing to honor his obligations under the agreement because “the deal he signed no longer serves his personal interests.” Musk has since filed a countersuit, which was amended last month to include allegations from whistleblower and Twitter’s former security chief Peiter “Mudge” Zatko.

The news of Musk’s latest proposal comes as the two parties have been gearing up for a legal showdown in the Delaware Court of Chancery beginning Oct. 17.

Representatives for Musk and Twitter did not immediately return FOX Business’ request for comment.

Here’s more…

Devin Nunes Confirms President Trump Encouraged Elon Musk To Buy Twitter

Put to rest any rumors of a feud between Elon’s Twitter and Trump’s Truth Social…

At least according to a new interview of Devin Nunes on the Stu Varney show.

Quoting Nunes:

“President Trump, basically before Elon Musk bought [Twitter], actually said to go and buy it… That’s why we encouraged Elon Musk to buy it, because someone has to continue to take on these tech tyrants.”

Watch here for yourself on Rumble: