Twitter Shares Jump on Reports Elon Musk Intends to Complete Takeover Transaction

Started by Epoch-Times-Bot, Oct 04, 2022, 01:15 PM

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Epoch-Times-Bot

Oct 04, 2022, 01:15 PM
Twitter Shares Jump on Reports Elon Musk Intends to Complete Takeover Transaction

Twitter shares rallied nearly 13 percent on Tuesday after reports suggested Tesla CEO Elon Musk is changing course and will proceed with his purchase of the social media outlet.
According to Bloomberg News, Musk proposed to move ahead with his original proposal of $54.20 per share—or $44 billion—to take the website private. The news sent the tech firm’s stock soaring, prompting a halt to trading for the second time.
Shares surged 12.67 percent, to $47.93 a share, before trading was suspended. Meanwhile, Tesla shares erased nearly all of their gains after reports circulated.
Musk submitted the decision in a letter to Twitter, Bloomberg noted, and cited individuals who requested not to be identified while discussing confidential information....

Source: Twitter Shares Jump on Reports Elon Musk Intends to Complete Takeover Transaction

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