Elon Musk’s renewed interest in owning Twitter would add turning around a struggling social-media business to an already lengthy to-do list that includes colonizing Mars and building the world’s largest car company by production volume.

In an about-face, Mr. Musk this week offered to close his $44 billion deal for Twitter on the terms he originally agreed to in April. The move, which comes less than three months after he tried to abandon the deal, could avert a trial over Twitter’s ownership, set to begin in the Delaware Court of Chancery later this month.

This post first appeared on wsj.com

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