Twitter stock frozen after report says Elon Musk may actually buy company

The Musk-Twitter saga has been a back-and-forth roller coaster for months as the world’s richest man tried to avoid going through with the deal.

Trading in shares of Twitter was halted after the stock spiked on reports that Elon Musk would proceed with his $44 billion deal to buy the company after months of legal battles.

Musk in April offered to buy the San Francisco company at $54.20. His reported new offer is the same.

Shares jumped nearly 13% to $47.95 Tuesday before trading stopped, after news of the report hit the trading floor. 

Bloomberg News reported Tuesday that Musk made his

→ Continue reading at KGW TV

Related articles

Comments

Share article

Latest articles