Illustration by Kristen Radtke / The Verge; Getty Images
Elon Musk is said to have sent another offer letter to buy Twitter at $54.20 a share, the same price he originally proposed in April before trying to back out of the deal, Bloomberg reported based on anonymous sources.
Trading of Twitter shares was briefly halted.
Musk and Twitter have been battling for months now about the Twitter takeover. After offering to buy the company, Musk tried to cancel the deal, claiming that Twitter had lied about the number of bot accounts on the platform. Twitter sued Musk to try to get him to abide by the contract he negotiated, and a trial date has been set for October 17th.
Developing…