Elon Musk agrees to go ahead with $44 billion Twitter deal

Elon Musk, the CEO of Tesla (TSLA), has decided to proceed with his $44 billion plan to acquire Twitter (TWTR), according to Bloomberg on Tuesday.

The action was taken only days before Musk was scheduled to appear in court

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In April, Musk announced his first agreement to purchase Twitter for $54.20 per share, or $44 billion.

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He then announced that he was terminating the agreement, stating that Twitter had not provided sufficient details on the number of bots using its network.

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In an effort to pressure Musk into purchasing the business, Twitter retaliated against Musk in July by bringing a lawsuit in Delaware Chancery Court.

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Twitter said in its complaint that Musk's alleged worry about bots was really an excuse for pulling out of the agreement when the stock market began to tank.

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According to text texts made public last week as part of Twitter's lawsuit

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Musk had voiced worry about the bots problem long before pulling out of the contract.

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