Tech

Elon Musk revives $44bn Twitter bid

The Tesla chief and social media company were set to take their dispute to trial later this month

Musk made the proposal to buy Twitter in a letter on Monday. Picture: Getty

Elon Musk revived a bid to buy Twitter at the original price of $54.20 a share, backtracking on his effort to quit the deal and potentially avoiding a contentious courtroom fight.

Musk made the proposal in a letter to Twitter on Monday, according to a filing with the Securities and Exchange Commission that confirmed a Bloomberg report. San Francisco-based Twitter said it received the letter and intends to close the deal at the agreed-upon price, ...