Tesla CEO had been set for court showdown after attempting to scrap deal
Shares in Twitter have been suspended following a report that Elon Musk has offered to push ahead with a $44bn acquisition of the platform after performing a dramatic U-turn on his decision to walk away from the deal.
Bloomberg reported on Tuesday that the Tesla chief executive had made an offer to buy the business for the original deal price of $54.20 a share in a letter to Twitter. Shares in the social media site climbed more than 12% to $47.93 in New York before trading was halted.
