[Aika Auto Industry News Original]
According to CNN (CNN), a filing document showed that Musk unanimously sent a letter to Twitter in Zhou, proposing to acquire the company at the initially agreed price of $54.20 per share.
Musk said in the letter that he would complete the acquisition as originally agreed, provided that the court suspends the proceedings against Musk's initial attempt to withdraw from the deal and postpone the upcoming trial.
Subsequently, a Twitter spokesperson said in a statement that the company received a letter from Musk and reiterated its previous statement, "The company's intention is to complete the transaction at a price of $54.20 per share."
It is reported that Musk decided to terminate the acquisition of Twitter earlier on the grounds that Twitter company concealed the number of spam messages and robot accounts on the platform. Twitter then filed a lawsuit against Musk, demanding that he complete the transaction as planned.
CNN said Twitter may not want to suspend the proceedings unless the transaction officially ends. Eric Talley, a professor at Columbia University’s Law School, explained that Twitter may want to continue the proceedings during negotiations with Musk to prevent Musk from canceling plans to close the deal again.
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