Twitter shares jump 23% after Elon Musk's U-turn on a buyout offer

Billionaire Elon Musk has agreed to buy Twitter at the original price of $54.20 per share.

Twitter disclosed the news on Tuesday and shares of Twitter jumped up by 23% in live market.

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Elon Musk and Twitter ended their 7 Months case, and musk agreed to buy the company at the original price.

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Musk will now buy Twitter for $54.20 per share, or $44 billion, according to the letter dated Monday and filed with the Securities and Exchange Commission.

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When Bloomberg reported the letter Twitter shares went up by 12.7% to $47.93.

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Later when the news was confirmed a 22.3% daily rise that brought the share price to its highest level since last November

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Both Twitter and Elon Musk has finally agreed close the transaction at $54.20 per share.

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Billionaire Elon Musk has agreed to buy Twitter at the original price of $54.20 per share.

Twitter disclosed the news on Tuesday and shares of Twitter jumped up by 23% in live market.

Elon Musk and Twitter ended their 7 Months case, and musk agreed to buy the company at the original price.

Musk will now buy Twitter for $54.20 per share, or $44 billion, according to the letter dated Monday and filed with the Securities and Exchange Commission.

When Bloomberg reported the letter Twitter shares went up by 12.7% to $47.93.

Later when the news was confirmed a 22.3% daily rise that brought the share price to its highest level since last November

Both Twitter and Elon Musk has finally agreed close the transaction at $54.20 per share.

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