BREAKING: Elon Musk Deal With Twitter Back on, Trading Halted

AP Photo/Matt Rourke

Big news on the social media front as Elon Musk’s deal to buy Twitter is reportedly back on. According to Rebel News, Musk sent a letter reaffirming his intent to buy the company. That comes after Twitter filed a lawsuit to try to force the eccentric billionaire to follow through with the original purchase price of $54.20 a share.


Elon Musk is reportedly set to go ahead with his proposed takeover of Twitter at his originally proposed figure of $54.20 per share, Bloomberg reported on midday Tuesday.

Musk reportedly made the proposal in a letter to Twitter, according to “people familiar with the matter” who spoke to the publication, who asked not to be identified discussing confidential information.”

Shares surged by as much as 18% on news that the Tesla CEO had planned to go ahead with the purchase of the social media platform.

Trading of Twitter shares was halted after the news, despite the fact that the report is technically not confirmed. The source is anonymous and Musk himself has not commented yet, though I’m sure he will soon, one way or another.

As to those on the right, this has to feel like an eternal tease. Will he or won’t he? I honestly have no idea, but for the moment, the deal appears to be back on, and that’s a good thing for free speech on the internet.

RedState will keep you updated when more reaction and information is available.


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