BREAKING: Elon Musk reportedly proposes to buy Twitter at original offer
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A Twitter logo is seen outside the company's headquarters in San Francisco, California, U.S., April 25, 2022. The news of Musk's latest proposal comes as the two parties have been gearing up for a legal showdown in the Delaware Court of Chancery beginning Oct. 17. Representatives for Musk and Twitter did not immediately return FOX Business' request for comment.
"Being forced to do the deal after a long and ugly court battle in Delaware was not an ideal scenario and instead accepting this path and moving forward with the deal will save a massive legal headache," Ives wrote in a note to clients on Tuesday. "We see minimal regulatory risk in this deal although now Musk owning the Twitter platform will cause a firestorm of worries and questions looking ahead among users and the Beltway.
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