From CNET: Billionaire Elon Musk has changed his mind about buying Twitter yet again.
Musk's lawyer Mike Ringler on Monday sent a letter to Twitter stating that the billionaire intends to move forward with purchasing the company for the original offer price of $54.20 per share. Musk tried to back out of the $44 billion deal, prompting Twitter to sue the billionaire in July to enforce the deal. The unexpected move could be a sign that Twitter and Musk are moving closer to resolving their legal dispute. Closing the deal could also help Twitter and Musk avoid a messy five-day trial that's scheduled to take place in the Delaware Chancery Court on Oct. 17.
Musk's hesitancy about purchasing Twitter has created uncertainty about the social network's future. Musk has floated several ideas about changes he wants to make at Twitter, such as combatting cryptocurrency scams and tweaking the company's content moderation policies. But Twitter employees and advocacy groups have raised concerns that changes he'll make will harm users who are dealing with harassment and hate speech on the platform. Musk has also said publicly he would reverse former US President Donald Trump's ban from the platform. Twitter and other social networks barred Trump from their services because of the risk of inciting violence after the deadly Jan. 6 Capitol Hill riot.
Twitter spokesman Brenden Lee said the company has received the letter from Musk's lawyers. "The intention of the Company is to close the transaction at $54.20 per share," Lee said in a statement. Ringler didn't immediately respond to a request for comment.
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