Connect with us

Hi, what are you looking for?


TAKE OVER BACK ON: Elon Musk Proposes U Turn on decision to back out of twitter takeover

ELON Musk’s twitter takeover is reportedly back on after the Billionaire signalled he would proceed with his $44 billion (£38 billion) deal to buy the social media giant after months of legal battles.

For a second time, Mr Musk offered to buy the San Francisco company at 54.20 dollars.

Twitter’s stock jumped nearly 13% to 47.93 dollars before trading stopped on the New York Stock Exchange, which listed “news pending” as the reason for the halt.

Trading halts are how stock exchanges give investors a forced timeout when trading for a stock gets too chaotic, or when a company is about to offer market-moving news.

Bloomberg News reported on Tuesday that Mr Musk made the proposal in a letter to Twitter, according to people familiar with the case who were not identified.

Mr Musk has been trying to back out of the deal for several months after signing on to buy the social media platform in April.

Advertisement. Scroll to continue reading.

Shareholders have already approved the sale.

Neither Twitter nor lawyers for Mr Musk responded to messages seeking comment on Tuesday.



THE MAN at the centre of the Phillip Schofield affair was working in a pub in a village in Cumbria until two weeks ago,...


TINA Turner’s cause of death has been revealed.  One day after the ‘Simply the Best’ icon died on Wednesday her representative said she had...


PHILLIP Schofield was spotted dining in a restaurant with an alleged ‘toyboy lover’ that he is said to to have had an affair with...


ALISON Hammond is among top ITV talent that are feared to quit ITV over the networks handling of the Phillip Schofield scandal, with one...


PHILLIP Schofield has dramatically admitted his affair with a male runner who worked on This Morning, the story that was first broken by


EAMONN Holmes has accused Phillip Schofield of “toxicity” amid the furore over the culture on ITV’s This Morning. Schofield, 61, resigned from ITV on...


PHILLIP Schofield has insisted that there is “no toxicity” at ‘This Morning‘ as he releases a new statement following his bombshell departure from the...


HOLLY Willoughby has hit out at former co-host Phillip Schofield and said he “directly” lied to her about his affair with a younger male...


EAMONN Holmes is set to reveal the truth about Phillip Schofield on GB News tonight after the disgraced star hit out at the former...


ITV has confirmed that This Morning will return to screens on Monday, despite false reports in The Sunday People newspaper that the show had...