The Twitter account of former President Donald Trump could return by the midterm elections under a Tuesday offer from Elon Musk to purchase the social media platform.
Musk proposed buying Twitter at $54.20 per share in a letter to Twitter executives, granting the company a $44 billion value and causing stock prices to surge as much as 22%. Twitter, which had been battling Musk in court over his previous attempt to nix the offer over a dispute about the platform’s true number of users, announced that management intends to close the deal. Sources told CNBC that the transaction could take place as soon as Friday.
Earlier this year, Musk said he would cancel Trump’s ban from Twitter ‘ a move that occurred due to his alleged role in the January 6 riots at the United States Capitol. Read more…