Bloomberg first reported Tuesday that Musk planned to proceed with the deal after months of legal battles, according to the Associated Press. Musk is reportedly offering to buy the platform for $54.20 a share, the Associated Press reported. Twitter shares jumped by 13% to $47.95 Tuesday by the time trading closed, the Associated Press reported.
Musk has indicated that he intends to scratch policies on the platform he deemed anti-free speech.
In 2021, Musk surpassed Amazon founder Jeff Bezos to become the richest man in the world.
Musk graduated in 1995 from the University of Pennsylvania with bachelor’s degrees in physics and business. He dropped out of a physics Ph.D program at Stanford.
Source: USA Today