Elon Musk Moves Forward with Twitter Buyout at Original Price of $54.20 Per Share

Bloomberg: Elon Musk revived his bid for Twitter Inc. at the original offer price of $54.20 a share, potentially avoiding a courtroom fight over one of the most contentious acquisitions in recent history. Musk made the proposal in a letter to Twitter, according to people familiar with the matter. Shares in Twitter climbed as much as 18% on the news, and trading has since been halted (Bloomberg). Benny Johnson: Elon Musk reportedly makes a proposal to proceed with deal to buy Twitter at $54.20, trading of TWTR shares halted (Twitter).