According to Engadget, Twitter has once again agreed to Elon Musk's proposal to buy the company for 54.20 USD per share. In a statement, the company confirmed that it had received a letter from Elon Musk saying it wanted to close the deal.
The deal comes after months of dramatic legal controversy over Elon Musk's attempt to withdraw from the initial $44 billion acquisition of the company. The two sides are expected to appear in court at the end of October as Twitter tries to force the world's richest man to fulfill the deals it has made.
For his part, Elon Musk has claimed that Twitter had deceived him about the number of bot on the platform, raising concerns about the issues disclosed by the company's former security director, who recently filed a complaint against Twitter.
However, Elon Musk suddenly changed his decision again on October 4, telling Twitter that he would be ready to continue with the initial terms of the deal.
In a letter to the US Securities and Exchange Commission (SEC), Elon Musk's lawyers said they would continue to implement the agreements first signed in April if the Chancery Court " postponed the trial and all other procedures related to the ongoing lawsuit".
It is still unclear when this deal can truly end. Twitter shareholders have voted to approve the deal, but both sides now need to wait for a response from the Chancery Court in Delaware, US.
Elon Musk could finally make significant changes to Twitter. He has publicly discussed finding a source to provide the website's algorithms and changing the way content is censored.
In a message to Twitter CEO Parag Agrawal, published last week, Elon Musk also said he wanted to ring down the ban permanently, except for spam accounts and accounts that clearly support violence.
