Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens FEG lovely panda, kkkkkkkkkayd, Patrick_Tien, can ask spring breeze, clue delivery! According to a filing with the Securities and Exchange Commission (SEC) on Tuesday, shares of Twitter soared after Tesla CEO Elon Musk agreed to buy Twitter for $54.20 again, closing the day up more than 22%, according to a filing with the Securities and Exchange Commission (SEC) on Tuesday.

Twitter said in a statement that it had received a letter from Musk's lawyer and said that "the company's intention is to complete the transaction at $54.20 per share."

Sources said the deal could be done as early as Friday. Musk's lawyer wrote to Twitter on Monday informing him of his intention to continue to implement the agreement reached on April 25, according to the SEC document.

Weeks after agreeing to the Twitter deal, Musk quickly wanted to pull out of the deal and formally informed Twitter in July that he intended to terminate the deal. Twitter immediately sued Musk in an attempt to force him to complete the acquisition. The case was scheduled to be heard at the Delaware Court of Chancery (Delaware Chancery Court) on October 17.

Musk claimed that Twitter misstated the number of false accounts on the platform, which was one of the main reasons why he backed out. Musk and his lawyer claimed that the number of robot accounts disclosed by Twitter in the company documents submitted to SEC were not true, thus misleading investors.

But Twitter retorted that Musk's claim about the number of false accounts was incorrect and that it was a misunderstanding of the company's statistical methods.

Musk also accused Twitter of failing to provide him with the necessary data related to the platform's fake accounts, which Twitter denied.

Twitter said Musk was just looking for a reason to pull out of the deal because Twitter's share price fell sharply as the overall market fell.

Although Musk tried to postpone the scheduled trial date, Delaware Justice Katherine McCormick (Kathaleen McCormick) rejected Musk's proposal on the grounds that it could cause "irreparable harm" to Twitter. But Mr McCormick allowed Mr Musk and his team of lawyers to revise their counterclaims to include some of the reports from the former head of security on Twitter.

In September, Twitter shareholders approved Musk's initial takeover offer.

Tesla's shares, by contrast, closed up nearly 3 per cent on Tuesday.

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