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BREAKING: Twitter stock surges 17.0% as Musk plans to go through with acquisition

5:34 PM 4 October 2022

Twitter (TWTR.US) stock surges over 17.0% after Bloomberg reported that Tesla CEO again proposed buying the social media giant at the originally agreed upon price of $54.20 per share. The stock was halted twice after the report.

Representatives of both sides did not immediately respond to a request for comment. According to Bloomberg, which cited people with knowledge of the matter, Musk made his latest proposal in a letter to Twitter. CNBC also confirmed Musk’s renewed offer.

Twitter (TWTR.US) stock rose sharply following fresh news and if current sentiment prevails price may be heading towards $54.20. Source: xStation5

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