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image  1 The Verge - Elon Musk will actually buy Twitter — for real this time — at $54
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October 5, 2022

Elon Musk will actually buy Twitter — for real this time — at $54.20 a share. Musk confirmed the offer in a filing with the Securities and Exchange Commission. In the SEC filing, he says he will “proceed to closing of the transaction” on the terms he negotiated with Twitter in April, as long as the lawsuit Twitter brought against him to force him to close the deal is adjourned.The filing follows reporting from Bloomberg that suggested Musk would close the deal under the original terms he proposed in April before trying to back out of it.“We received the letter from the Musk parties which they have filed with the SEC,” Twitter’s investor relations account said — where else? — on Twitter. “The intention of the Company is to close the transaction at $54.20 per share.” You can read more at the link in our bio.Update 3:19PM ET: Adds Musk SEC filing.Update 3:33PM ET: Adds Twitter statement.
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