After months spent trying to escape the deal he signed to acquire Twitter, Elon Musk now says he intends to complete the purchase after all. In a letter to Twitter, filed with the SEC today, Musk said he would honor his deal to buy the company for the originally agreed price of $54.20 per share. Twitter said today that it intended to close the deal.
Although Musk has suggested in public statements since he first questioned the deal in May that he could easily walk away from his $44 billion commitment, legal experts were not surprised by the u-turn.
Robert Miller, chair of
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