Twitter Inc s stock surged on Tuesday after billionaire Elon Musk proposed to go ahead with his takeover of the social media platform at $54.20 per share.
NEW YORK, May 14 Elon Musk tweeted yesterday that his US$44-billion (RM193.5 billion) cash deal for Twitter Inc TWTR.N was “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts. Twitter shares initially fell more than 20 per.
"I wouldn t be surprised to wake up next week and see Musk raise what he called his best and final offer to possibly $64.20 per share," an investor said.