The Morning After: Twitter says it’ll shut take care of Elon Musk, once more | Engadget

Twitter has agreed – as soon as once more – to Elon Musk’s proposal to purchase the corporate for $54.20 a share. In a press release, Twitter confirmed it had acquired Musk’s letter that “the intention of the Company is to close the transaction at $54.20 per share.” The settlement follows months of authorized drama after Musk tried to again out of his unique settlement this spring to purchase the corporate for $44 billion.

The two sides have been set to go to trial later this month. But Musk abruptly reversed course on Tuesday, telling Twitter he would proceed with the unique phrases of the deal. In the letter filed with the SEC, Musk’s legal professionals say they are going to go forward with the settlement struck in April if Delaware Chancery Court will “adjourn the trial and all other proceedings related” to the continued lawsuit.

It’s not but clear when the acquisition may really shut. Twitter’s shareholders have already voted to approve the deal, however each side now want to attend for Delaware’s Chancery Court’s response. The subsequent query: What will Musk do with Twitter?

– Mat Smith

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And a number of new Witcher video games.

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