- Advertisement -
Twitter told regulators on Tuesday that Elon Musk sent a letter saying he would go through with a deal to buy the tech firm earlier this year for $44 billion.
“The company intends to close the transaction at $54.20 per share,” Twitter said in a tweet as the billionaire entrepreneur appeared to abandon his legal battle to scuttle the deal.
Among the conditions noted in the letter was that the court halt all proceedings in the case immediately, with Musk to be deposed under oath later this week.
- Advertisement -
