Musk, Twitter could reach deal to end court battle, close buyout soon - source

An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration

WILMINGTON, Del. (Reuters) -Elon Musk and Twitter Inc may reach an agreement to end their litigation in coming days, clearing the way for the world's richest person to close his $44 billion deal for the social media firm, a source familiar with the matter told Reuters.

Musk, who is also chief executive officer of electric car maker Tesla Inc, proposed to Twitter late on Monday he would change course and abide by his April agreement to buy the company for $54.20 per share, if Twitter dropped its litigation against him.