Elon Musk told Twitter he is willing to pay $54.20 per share, according to a report from Bloomberg.
Musk was set to confront Twitter in Delaware court on October 17 after the organization sued him over the arrangement.
Elon Musk is proposing to purchase Twitter at its unique cost subsequent to going through months endeavoring to forsake the arrangement, Bloomberg gave an account of Tuesday.
The distribution revealed that Musk made the proposition in a letter to the web-based entertainment organization. An individual acquainted with the issue affirmed the letter with Insider.
By March 14, Musk had a 5% stake in the social media company — a threshold that the US Securities and Exchange Commission (SEC) deems large enough to require a public disclosure
Estimates that the Tesla CEO saved about $156 million, or 30%, by delaying disclosure until after the SEC's March 25 deadline and buying the stock at a lower price.