twitter, elon musk, social media, tesla

Elon Musk renews Twitter takeover bid

In what has come as another twist in a long, drawn-out saga, Elon Musk has changed his mind once again and reissued his original bid to take over micro-blogging social platform Twitter.

SpaceX owner Musk first made an offer to buy Twitter back in April of this year, with a bid of $43.4 billion. However, negotiations between the two parties soon turned sour, and soon became a bitter feud that was to rumble on for months.

Eventually, Musk dramatically pulled out of the deal in the summer, citing a number of issues with the platform and a series of contract infringements. However, Twitter vowed to take Musk to court and maintained that it was too late for him to back out.

As recently as last month Musk was putting measures in place to disrupt the process and avoid having to face Twitter in court, attempting to delay a court date, or even getting the case thrown out completely.

However, it now seems that Musk has had a surprising change of heart. He has reissued his original bid, offering to buy Twitter at the original agreed price of $54.20 per share.

With the deal looking likely to go through, Musk will have the opportunity to make the changes to the platform that he has long been calling for. These include less focus on advertisements, less censorship, and the reinstatement of banned users like Donald Trump.

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