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Signaling a possible end to a tortuous saga, Elon Musk reportedly agreed on Tuesday to buy Twitter at a price of $54.20 per share—the same deal he made last spring prior to backing out of the agreement.
Shares of Twitter spiked more than 12 percent following the report before trading was halted.
According to Bloomberg, which cited anonymous sources “familiar with the matter,” Musk outlined his new offer in a letter to Twitter. The Daily Beast was unable to immediately confirm the report.