Elon Musk offers to close Twitter buyout deal at original price

Musk has offered to push through with his buyout of Twitter at the original agreed price, reports said Tuesday, prompting a surge in the share price of the social network that triggered a suspension of trading. — AFP

SAN FRANCISCO: Elon Musk on Oct 4 offered to push through with his buyout of Twitter at the original agreed price, as a trial over his efforts to withdraw from the deal loomed.

The world’s richest man said in a filing with the Securities and Exchange Commission that he sent Twitter a letter vowing to honor the contract.