A deal for the billionaire Elon Musk to buy Twitter is back on it has been announced - just weeks before a court case over his first bid for the company earlier this year was due to begin.
The s ocial media giant said in a statement tonight that Mr Musk had offered to purchase the company for 54.20 dollars (£47.23) per share, the same price he previously put forward.
Mr Musk made the proposal in a letter to Twitter on Monday, according to a filing with the US Securities and Exchange Commission. READ MORE: Rebekah Vardy ordered to pay £1.5m in legal costs following court battle with Coleen Rooney That equates to a total value of the deal of 44 billion dollars (£38.3 billion) with the firm saying they intend to agree to the offer and 'close the transaction.' A spokesperson for Twitter said: “We received the letter from the Musk parties which they have filed with the SEC.
The intention of the company is to close the transaction at 54.20 dollars per share.” The co-founder of SpaceX and Tesla co-founder Mr Musk is himself a prolific Twitter user with over 100 million followers.
Read more on manchestereveningnews.co.uk