Elon Musk to proceed with $44bn buyout of Twitter after U-turn
by Dan Milmo and Kari Paul from Technology | The Guardian on (#64C86)
Tesla chief executive had been set for court showdown after attempting to scrap deal
Elon Musk has offered to complete his proposed $44bn (38bn) acquisition of Twitter in a dramatic U-turn on his decision to walk away from the deal.
Lawyers for Musk confirmed in a court filing on Tuesday that the world's richest man is prepared to push ahead with the transaction on the agreed terms following months of legal drama.
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