This week, the tech world received a new development in the long-running Elon Musk versus Twitter saga, with Musk finally agreeing to buy out the social media company.
Only two weeks before his trial with Twitter was set to commence, Elon Musk has once again changed his mind and will be buying out Twitter after all. Lawyers for Musk submitted a letter to the SEC declaring that the Tesla CEO now plans to proceed with the original plan to purchase Twitter for $44 billion USD.
Previous news reports foreshadowed that Musk would likely lose his trial. Musk’s legal team noted that the deal would take place only on the condition that Twitter agrees to “adjourn the trial and all other proceedings related.”